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Canon released 1.3.0 firmware for Canon R5 and 8K RAW light files don't work at all in Premiere. In latest beta they seem to work, but have a strong magenta cast. Also they crash my system the same way as regular 8K raw from Canon R5. So Adobe please fix these issues. I tried these files in Resolve and it is a night and day difference. Can't believe how smooth Resolve is compared to Premiere when working with 8K RAW.
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Yes, I have the same issue.
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Same issue... files have a strong magenta cast to them
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Thanks Jeff, I'm using the Mac M1 beta version and don't seem to have the Channel Mixer filter at the moment.