PrPro / AME Image rendering

Why does my clip displays red and black bars ?

Most probably because you opened your Premiere Pro project with BlackmagicRaw plugin from Blackmagic Design installed and used to decode .braw instead of BRAW Studio ! More information in this article : BlackmagicRaw Plugin and BRAW Studio - What's the difference ?. And don't forget to update BRAW Studio !
Go back to BRAW Studio User Guide
If you're running Apple silicon (latest M1 CPU) please read our article about compatibility with Adobe !