Working some projects with color management. Color engine set to "Adobe color managed". Working Color Space was set to "sRGB IEC61966-2.1". My current EIZO monitor's color profile was hardware calibrated as sRGB too.
Here is the issue: When I turn off "Use Display Color Management" in After Effects, sRGB footage had a huge color shift that it should not be. Some projects are totally fine. I didn't figure out any project setting differences.
Attached two sample project to reproduce this issue. "After_Effects_color_management_normal.aep" act normal, and "After_Effects_color_management_issue.aep" act wired.
Tested in After Effects 2024 on Windows 11 machine and Macbook Pro M1 with latest OS installed.