Both DV and HDV cameras record video that's StudioRGB.
Both are quite likely to have some to a lot of overshoot.
Do not use a StudioRGB to ComputerRGB transform, you will fry get your blacks way too grey.

It's really up to you to decide what you do with those 'overshoots'.
You can use the Broadcast Colors FX to simply clip them, you can adjust that FX to not clip them so hard or you can use a Color Curve to roll them off or even remap the whole curve into the legal range. Glenn has a sample project somewhere that I cannot find the link to that provides presets for doing all this with the Color Curves.

PS, it's very unlikely that you should ever tick the 7.5 Setup box in the scopes. There used to be some A/D converters that did not do the Setup thing but I think they're long gone.

Bob.

EDIT: Look in the article here around half way down the page for the like to the sample project under "The Curves Method of Colour Correction"

Simple answer:
- stay in a 8-bit project
- follow the instructions mentioned in the tutorial bob linked to.
- If it is going to a broadcaster, apply the Broadcast Colors filter. De-select the 7.5 setup box since your country's standard is likely analog blacks at 0 IRE (there are exceptions for certain PAL countries). Check the studio RGB box.

Long answer:
http://www.glennchan.info/articles/vegas/v8color/v8color.htm

Both DV and HDV cameras record video that's StudioRGB.
But they... don't. They record Y'CbCr values. Whether the Y'CbCr values get converted into studio RGB or computer RGB depends on the codec (and whether the Vegas project is 8 or 32 bit).

"Both DV and HDV cameras record video that's StudioRGB.

You know that, I know that.
I chose not to say that because in the context of the question TLF asked he does not NEED to know that. Worse, it only serves to confuse people.

There's an old saying "Those who can, do. Those who can't teach"
I've always taken that to mean "Those who can shouldn't teach."
There's some exceptions obviously, I've had the privilege of listening to a few of them but they are rare.


De-select the 7.5 setup box since your country's standard is likely analog blacks at 0 IRE (there are exceptions for certain PAL countries). "

Again confusing to anyone who doesn't understand the context. We're talking about DIGITAL video. What the broadcasters kit decodes to on the analogue side (if they still have one which is very unlikely) is irrelevant.


Bob.

re: DV / HDV / Y'CbCr / studioRGB
Where I'm coming from: saying that DV decodes to studio RGB is confusing because it is not always true. e.g. if you use a 3rd party DV codec, or if you are in a 32-bit project.

Anyways, I suppose the distinction is clear now.

Again confusing to anyone who doesn't understand the context. We're talking about DIGITAL video. What the broadcasters kit decodes to on the analogue side (if they still have one which is very unlikely) is irrelevant.
It's unclear what type of delivery the original poster is targeting.

But for broadcast, if you are sending a digital master, you often do need to make sure that the analog levels (once it gets converted from digital->analog) can be broadcasted over the air. And even with digital transmission, a lot of times the signal will get converted to analog / composite NTSC or PAL... so it needs to be broadcast safe anyways.

Anyways, that's why there is the qualification, if it is going to a broadcaster.

Cheers.