Premiere displaying After Effects exports differently (only in Rec 709 colorspace). Big color shift.
I am working on a short film and as I get into VFX I am realizing that every file I export from After Effects has a color shift to it (which becomes very apparent when a color grade is applied). This is not a normal gamma shift (light/dark). Eyeballing it, it looks like it has to do with magenta/saturation maybe.
After Effects is in a Rec 709 Gamma 2.4 color space (16 bit project). Premiere is also Rec 709 color space (gamma not listed, though Google says it's 2.4 by default). Both have linearized color checked. Premiere's sequence settings has Maximum Bit Depth checked. Both programs have color management enabled.
I did a test-- exporting a shot from the short (shot in Rec 709 colorspace) from After Effects (tried many different QuickTime Formats, all max quality and Rec 709 colorspace). I then brought both the export and the original raw file into Premiere. The color was different (visually and on scopes) with zero effects applied.
Export from AE: [https://imgur.com/ZKJl4a4]
Original, imported directly: [https://imgur.com/UMxEmUZ]
I even did the same thing with a solid-- literally just a color. Created from the same hex values in each project. In Premiere, it was different from the export.
When re-imported into After Effects, everything looked fine. In fact, everything works in Premiere when I switch to either of the available Rec 2100 color spaces. The colors display the same (accurately) visibly and in scopes.
I don't understand what the problem could be here. I am pulling my hair out here and have been Googling/troubleshooting for hours. Can anyone please help me or even point me in the right direction?
**AE and Premiere 2022
