diff --git a/openpype/hosts/hiero/plugins/load/load_clip.py b/openpype/hosts/hiero/plugins/load/load_clip.py
index 9e12fa360ef..b905dd44315 100644
--- a/openpype/hosts/hiero/plugins/load/load_clip.py
+++ b/openpype/hosts/hiero/plugins/load/load_clip.py
@@ -54,6 +54,10 @@ def load(self, context, name, namespace, options):
         object_name = self.clip_name_template.format(
             **context["representation"]["context"])
 
+        # set colorspace
+        if colorspace:
+            track_item.source().setSourceMediaColourTransform(colorspace)
+
         # add additional metadata from the version to imprint Avalon knob
         add_keys = [
             "frameStart", "frameEnd", "source", "author",
@@ -109,9 +113,14 @@ def update(self, container, representation):
         colorspace = version_data.get("colorspace", None)
         object_name = "{}_{}".format(name, namespace)
         file = api.get_representation_path(representation).replace("\\", "/")
+        clip = track_item.source()
 
         # reconnect media to new path
-        track_item.source().reconnectMedia(file)
+        clip.reconnectMedia(file)
+
+        # set colorspace
+        if colorspace:
+            clip.setSourceMediaColourTransform(colorspace)
 
         # add additional metadata from the version to imprint Avalon knob
         add_keys = [
@@ -160,6 +169,7 @@ def multiselection(cls, track_item):
     @classmethod
     def set_item_color(cls, track_item, version):
 
+        clip = track_item.source()
         # define version name
         version_name = version.get("name", None)
         # get all versions in list
@@ -172,6 +182,6 @@ def set_item_color(cls, track_item, version):
 
         # set clip colour
         if version_name == max_version:
-            track_item.source().binItem().setColor(cls.clip_color_last)
+            clip.binItem().setColor(cls.clip_color_last)
         else:
-            track_item.source().binItem().setColor(cls.clip_color)
+            clip.binItem().setColor(cls.clip_color)
diff --git a/openpype/hosts/hiero/plugins/publish/precollect_instances.py b/openpype/hosts/hiero/plugins/publish/precollect_instances.py
index 4984849aa7f..9b529edf881 100644
--- a/openpype/hosts/hiero/plugins/publish/precollect_instances.py
+++ b/openpype/hosts/hiero/plugins/publish/precollect_instances.py
@@ -120,6 +120,13 @@ def process(self, context):
             # create instance
             instance = context.create_instance(**data)
 
+            # add colorspace data
+            instance.data.update({
+                "versionData": {
+                    "colorspace": track_item.sourceMediaColourTransform(),
+                }
+            })
+
             # create shot instance for shot attributes create/update
             self.create_shot_instance(context, **data)
 
@@ -133,13 +140,6 @@ def process(self, context):
             # create audio subset instance
             self.create_audio_instance(context, **data)
 
-            # add colorspace data
-            instance.data.update({
-                "versionData": {
-                    "colorspace": track_item.sourceMediaColourTransform(),
-                }
-            })
-
             # add audioReview attribute to plate instance data
             # if reviewTrack is on
             if tag_data.get("reviewTrack") is not None: