What people are finding is that when they place S-Log3 (or almost any other log format such as Panasonic V-Log or Canon C-Log) into a project, instead of looking flat and washed as it would have done in previus versions of Premiere, the log footage looks more like Rec-709 with normal looking contrast and normal looking color. Then when they apply their favorite LUT to the S-Log3 it looks completely wrong, or at least very different to the way it looked in previous versions.
So, what’s going on?
This isn’t a bug, this is a deliberate change. Rec-709 is no longer the only colourspace that people need to work in and more and more new computers and monitors support other colourspaces such as P3 or Rec2020. The Macbook Pro I am writing this on has a wonderful HDR screen that supports Rec2020 or DCI P3 and it looks wonderful when working with HDR content!
S-Log3 is NOT flat.
So, what is Premiere 2022 doing to my log footage?
Color Managed Workflows will be the new “normal”.
A color managed workflow means that you no longer need to use LUT’s to convert your Log footage to Rec-709, you simply grade you clips within the colorspace you will be delivering in. A big benefit of this comes when working with multiple sources. For example S-Log3 and Rec-709 material in the same project will now look very similar. If you mix log footage from different cameras they will all look quite similar and you won’t need separate LUT’s for each type of footage or for each final output colorspace.
The workaround if you don’t want to change.
Unfortunately I don’t think the way Adobe are implementing their version of a colour managed workflow is very clear. There are too many automatic assumptions about what you want to do and how you want to handle your footage. On top of this there are insufficient controls for the user to force everything into a known set of settings. Instead different things are in different places and it’s not always obvious exactly what is going on under the hood. The color management tools are all small addons here and there and there is no single place where you can go for an overview of the start to finish pipeline and settings as there is in DaVinci Resolve for example. This makes it quite confusing at times and it’s easy to make mistakes or get an unexpected result. There is more information about what Premiere 2022 is doing here: https://community.adobe.com/t5/premiere-pro-discussions/faq-premiere-pro-2022-color-management-for-log-raw-media/