Apple Color - Preview Monitor Not Working

Hi, I am trying to work with a sequence from Final Cut Pro 7.0.3 in Apple Color and the preview monitor is not showing the image correctly. It is all black with some details shown in red. I am not sure why Color is doing this. Is there a setting I need to change to make it work correctly? I have provided a screenshot with as much information I could think of. Please let me know if you can help! Thank you in advance!



Link: colorproblem.png

kricket.

me too!!!