QuickTime 2.0.x: 8-Bit Movies Play Poorly In 24-Bit Mode

I am having issues playing back 8-bit (256 color) QuickTime movies with QuickTime 2.0 using Millions of colors (24-bit). All of the QuickTime movies were created using QuickTime 1.5 or 1.6. If I switch back to QuickTime 1.6, the movies play back properly. I have installed the Apple Multimedia Tuner, but this did not help.
This issue has been fixed in QuickTime 2.1, you need to use QuickTime 2.1 to correctly play 8-bit movies on a 24-bit display.
Published Date: Feb 19, 2012