Wrong colours with Canon C300 Mark II/III footage
XF-AVC footage from Canon C300 Mark II & Mark III are displayed with weird colours in the Premiere Pro M1 beta. The specs of the footage are: 2048 x 1080 RGB444 (12 bit/225Mbps Intra).
The correct colour is the bottom left clip in the Source monitor.

This issue is fixed in our current Beta builds and will be available in the next monthly release. You can find more information about a workaround here: https://community.adobe.com/t5/premiere-pro/faq-how-to-solve-preview-issue-red-blue-tint-with-canon-c300-mkii-mxf-files-in-premiere-pro-15-0/m-p/11928184
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Adrian Alvarez commented
still have this issue nowadays.. lumetri activates this strange color since last update
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Scott Moore commented
I don't know if this is also linked to my issue with Canon R5 footage?
Might download the beta and test it out!
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Alex Lancial commented
I am also having this issue on an older iMac. Would prefer not to transcode.
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steve appleford commented
Since this problem emerged on the last update of Premiere Pro, I was very surprised -- stunned, really -- that it wasn't fixed in the new 15.1 update. This is a serious problem that needs to be a top priority.
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Carlos Ziade commented
Some Canon C300 MXF videos are changing color on import, the issue is solved when transcoded to PR 422HQ
please check the threads here: https://community.adobe.com/t5/premiere-pro/color-shift-issue/m-p/11967304
and here: https://community.adobe.com/t5/premiere-pro/premiere-pro-15-1-still-misreading-canon-log-files/td-p/11967321 -
Gary Huff commented
Also having this issue on an Intel Mac, so it's not just the M1. All of my C300 Mark II XF-AVC 12-bit 4:4:4 footage has this purple tint.