diff --git a/core/src/display_object/movie_clip.rs b/core/src/display_object/movie_clip.rs
index 336eae7fc..a43084794 100644
--- a/core/src/display_object/movie_clip.rs
+++ b/core/src/display_object/movie_clip.rs
@@ -1772,10 +1772,7 @@ impl<'gc> TDisplayObject<'gc> for MovieClip<'gc> {
 
     fn run_frame(&self, context: &mut UpdateContext<'_, 'gc, '_>) {
         // Run my load/enterFrame clip event.
-        let mc = self.0.write(context.gc_context);
-        let is_load_frame = !mc.initialized();
-        drop(mc);
-
+        let is_load_frame = !self.0.read().initialized();
         if is_load_frame {
             self.event_dispatch(context, ClipEvent::Load);
             self.0.write(context.gc_context).set_initialized(true);
@@ -1787,14 +1784,6 @@ impl<'gc> TDisplayObject<'gc> for MovieClip<'gc> {
         if self.playing() {
             self.run_frame_internal(context, true);
         }
-
-        if is_load_frame {
-            self.0.write(context.gc_context).run_clip_postevent(
-                (*self).into(),
-                context,
-                ClipEvent::Load,
-            );
-        }
     }
 
     fn run_frame_scripts(self, context: &mut UpdateContext<'_, 'gc, '_>) {
@@ -2309,32 +2298,6 @@ impl<'gc> MovieClipData<'gc> {
         Ok(())
     }
 
-    /// Run clip actions that trigger after the clip's own actions.
-    ///
-    /// Currently, this is purely limited to `MovieClipLoader`'s `onLoadInit`
-    /// event, delivered via the `LoadManager`. We need to be called here so
-    /// that external init code runs after the event.
-    ///
-    /// TODO: If it turns out other `Load` events need to be delayed, perhaps
-    /// we should change which frame triggers a `Load` event, rather than
-    /// making sure our actions run after the clip's.
-    fn run_clip_postevent(
-        &self,
-        self_display_object: DisplayObject<'gc>,
-        context: &mut UpdateContext<'_, 'gc, '_>,
-        event: ClipEvent,
-    ) {
-        // Finally, queue any loaders that may be waiting for this event.
-        if let ClipEvent::Load = event {
-            context.load_manager.movie_clip_on_load(
-                self_display_object,
-                //TODO: This should have an AVM2 onload path.
-                self.object.and_then(|o| o.as_avm1_object().ok()),
-                context.action_queue,
-            );
-        }
-    }
-
     pub fn clip_event_handlers(&self) -> &[ClipEventHandler] {
         &self.clip_event_handlers
     }
diff --git a/core/src/loader.rs b/core/src/loader.rs
index 6e7e0df37..abaf36635 100644
--- a/core/src/loader.rs
+++ b/core/src/loader.rs
@@ -156,16 +156,11 @@ impl<'gc> LoadManager<'gc> {
     /// Indicates that a movie clip has initialized (ran its first frame).
     ///
     /// Interested loaders will be invoked from here.
-    pub fn movie_clip_on_load(
-        &mut self,
-        loaded_clip: DisplayObject<'gc>,
-        clip_object: Option<Object<'gc>>,
-        queue: &mut ActionQueue<'gc>,
-    ) {
+    pub fn movie_clip_on_load(&mut self, queue: &mut ActionQueue<'gc>) {
         let mut invalidated_loaders = vec![];
 
-        for (index, loader) in self.0.iter_mut() {
-            if loader.movie_clip_loaded(loaded_clip, clip_object, queue) {
+        for (index, loader) in self.0.iter_mut().rev() {
+            if loader.movie_clip_loaded(queue) {
                 invalidated_loaders.push(index);
             }
         }
@@ -657,12 +652,7 @@ impl<'gc> Loader<'gc> {
     /// Returns `true` if the loader has completed and should be removed.
     ///
     /// Used to fire listener events on clips and terminate completed loaders.
-    pub fn movie_clip_loaded(
-        &mut self,
-        loaded_clip: DisplayObject<'gc>,
-        clip_object: Option<Object<'gc>>,
-        queue: &mut ActionQueue<'gc>,
-    ) -> bool {
+    fn movie_clip_loaded(&mut self, queue: &mut ActionQueue<'gc>) -> bool {
         let (clip, broadcaster, loader_status) = match self {
             Loader::Movie {
                 target_clip,
@@ -673,10 +663,6 @@ impl<'gc> Loader<'gc> {
             _ => return false,
         };
 
-        if !DisplayObject::ptr_eq(loaded_clip, clip) {
-            return false;
-        }
-
         match loader_status {
             LoaderStatus::Pending => false,
             LoaderStatus::Failed => true,
@@ -687,10 +673,7 @@ impl<'gc> Loader<'gc> {
                         ActionType::Method {
                             object: broadcaster,
                             name: "broadcastMessage",
-                            args: vec![
-                                "onLoadInit".into(),
-                                clip_object.map(|co| co.into()).unwrap_or(Value::Undefined),
-                            ],
+                            args: vec!["onLoadInit".into(), clip.object()],
                         },
                         false,
                     );
diff --git a/core/src/player.rs b/core/src/player.rs
index f84653367..b4c970ab6 100644
--- a/core/src/player.rs
+++ b/core/src/player.rs
@@ -1275,6 +1275,11 @@ impl Player {
                             clip.run_frame(context);
                         }
                     }
+
+                    // Fire "onLoadInit" events.
+                    context
+                        .load_manager
+                        .movie_clip_on_load(context.action_queue);
                 }
                 AvmType::Avm2 => {
                     stage.exit_frame(context);