Having just completed The Magic of Film bumper, here are some color correction comparisons. The footage had all been converted from the native h264 to ProRes 4:2:2 for easier editing, however, both compression methods started to break down the farther I pushed the colors; this is where RAW video would *really* be nice. The algorithms also broke down in shots that had a lot of movement and motion blur. Overall, however, the compression is passable, especially for web distribution, and the other benefits of using the 5D certainly outweigh the mediocre compression quality coming off of the camera.
As for the color itself, I wanted to go for a look for the footage that wouldn’t jar the audience during the transition to and from the black and white shots. I went for a warm duotone sort of desaturated look, bringing down the levels on the backgrounds so the subjects would pop a little bit more.