Image Matte Key not working as expected
I've used Image Matte Key so many times in the past and now it is not working as expected. My understanding of Image Matte Key is that I upload an image file with an alpha channel that will mask whatever the alpha channel masks. In the particular image sequence that I am masking I have an Ultra Key added as well.
The first problem is that the Image Matte Key wipes out my Ultra Key and leaves an unexpected white-ish background.
The second problem is that the area the Image Matte masks is proportionately bigger than the alpha channel that I created in Photoshop.
In Premiere I have two 1080 x 608 image sequences right next to each other within a 1920 x 1080 project.

