I have this new problem with the updated Premiere Pro 2022 (vers. 22.5.0) (also, a new 2021 Macbook Pro running Monterey vers. 12.5) where when I import an iPhone video it looks 'normal' (exposed properly) in the media/project browser, but when I drag it to the timeline it turns overexposed (highlights totally blown out, same as when I export it).
I know this is due to the working color space being wrong, but I can't change the overall color space as it will affect the other clips. Also, I can't access the Clip > Modify > Interpret Footage - it's just greyed out (any ideas why?).
The (possibly relevant) clip properties are:
Type: MPEG Movie
Color Space: Rec. 2100 HLG
Color Space Override: Off
Input LUT: None Video
Codec Type: HEVC 10 bit 4:2:0
My working color space is Rec. 709 (which if I change to also Rec. 2100 HLG, it does fix the clip, but then it dulls every other clip, and I don't want to just add an adjustment layer when I don't need to)
Lastly, I don't want to just fix it by adjusting the clips exposure. It just doesn't look right when I do that, any other solutions seriously appreciated !!! Thank you