Imported clips from iPhone 12 Pro to iMovie are washed-out
I use iMovie all the time. Now, when I import video clips from my iPhone 12 Pro (which I have done for 6 months with zero issues), the clips appear over-exposed and washed-out. If I open the file in Quicktime, it looks fine, but when I import the file to iMovie it's all washed-out. MacBook Pro 2015. Movie 10.1.14.
[Re-Titled by Moderator]