Hey there!
It looks like there's an error with how Premiere Pro classifies Rec. 709 footage and how After Effects classifies it.
I created a video edit in Premiere and imported the edit into After Effects, and when I attempt to Interpret Footage, I recieve this error (screenshot 1): "after effects warning profile rec.709 is missing, invalud, ior has incorrect file permissions."
When I import the file normally, it allows me to interpret footage normally, but I noticed when I look at the settings of the shots, the String refering to their color profile is different:
1. File from Premiere = "Profile: Rec. 709"
2. File from Import = "Profile: Rec.709 Gamma 2.4"
The only workaround is to replace the footage in the comp with the newly imported file. Would love a solve on this as this is typically the way our team handles video edits with animation on top!!