Hi kariomart,
Color management is not something that is simple, click here - click there, and all problems are solved.
Since I write in a forum, here are some tiny notes:
ACES is a system designed for multicamera use on a film set and its complete workflow. If not used properly, trouble is around the corner. ACES relies on perfect exposure; it is, after all, a camera system for wide gamuts and dynamics. In that sense, there is no IDT for Rednerings, and good care needs to be taken for at least a perfect gray-card value 18%. If that is not a given, problems occur.
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ACES is designed to keep the data as is over the longest part, only when it goes into small gauts or low dynamics, tonemapping is applied, which many have touted as ACES Look [sic], this is only to get the data unclipped into that small space or dynamic.
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Third, the value of the pixels inside the file is determined by the color space it is supposed to work in. Suppose a file is coded in ACES 2065. In that case, it will not look right in ACEScg, and surely not in sRGB or REC 709, if not converted properly, or if the settings for the monitor are not set, as the data inside ACES are not changed to be viewed in the pipeline, the signal is taken (split and then brought into Monitor space, again, not touching the main signal. Scene referred.
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If the monitor profile is not set in the app you are viewing it, it might look wrong. If the file itself is not recognized as ACEScg (if it is ACEScg), then it most likely can look wrong.
If the color engine in the app is not set for the colorspace of the file, it might look wrong.
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The safest bet is to keep it all in one color space and float. (I would avoid anything like REC 709 or sRGB during the pipeline, as it is the smallest colorspace (Highest chance to clip color!), as it is an 8-bit/channel integer, which is not designed for anything higher than dynamic range.
I stop here, as I typically tell friends to read first about ACES, preferably a book about color science, to get on top of it.
What I tried to do here is to give a small glimpse about possible steps where things can go wrong, and there are more, and sadly, YouTube has a lot of videos with little knowledge in Color Science, I get the problem.
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So, my suggestion, open the file, do not change a thing, except where to render that image. Name it wisely.
https://projectfiles.maxon.net/Cineversity_Forum_Support/2025_PROJECTS_DRS/20250819_CV4_2025_drs_25_RSac_01.zip
Then open Photoshop, set its color engine to ACES for RGB, and open the file. Do not convert the Color Space, use the Edit> Assign Profile… ACEScg
Perhaps it is something else. Then please report your findings back.
If you like book suggestions, please let me know. I promise to suggest something easier than Tooms', "Colour Reproduction in Electronic Imaging Systems: Photography, Television, Cinematography" (Which is one of my favorites.)
All the best