A problem fading material inside sequencer. Why it doesn't work?

Hey guys. I just don’t understand what am I doing wrong here.

I just want that painting to fade out to reveal the panorama I’ve made.

It is a simple plane mesh with a material that has opacity on it. I animated it to go from 1 to 0 in sequencer and it DOES show that it works if I scroll over timeline. But if I press play it doesn’t show. It simply disappears.

Here’s a video:

Alright then, apparently that picture I had was locked on transform. Case closed.