Color Management Error

Hi,

After the update to bet 17 Studio,
Here is the main problem I'm facing.

In the middle of a project that contains 20+ timelines, I have switched the Color Management setting

(1) From: Davinci YRGB - Rec 709 Gamma 2.4
(2) To: Davici YRGB Color Managed - Davinci WideGamut

The first 6 Timelines were edited under the initial setting (1) Rec709 Gamma 2.4, and the rest were edtied under Davinci WideGamut.

The initial problem I faced was the previews of the first 6 timelines were distored as shown in the image below. All the colors were blown out. Even when I remove Color Space Transform (from Color section) and input Insert Color Space (from Media Section), the previews looked distored or fully blown out in Colr section.

Sometimes when I look at the edied videos on "Edit" section it looks fine, but when I look at the same clip on "Color" section, it looks blown out.

As I switch back and forth from (1) setting to (2), now all 20+ timelines look distorted in "Color" section.

I tried exporting a video that I edited in (2) setting, and it looks as I wnated. It looks like the preview of the clip on "Color" section is the main problem.

There is one Blackmagic Raw video that is fully blown out even without edits in "Media" section. When I look at the raw video via blackmagic Raw Player, it looks fine.

Please fix before I get fired. Or show me a way to fix this issue.
I'm in need of immediate help.