Simply navigate to your color grading LOOK and it will be applied to that clip – it’s as simple as that! Currently, the Lumetri effect name in the Effect Controls panel won’t update (which is a real shame) but even so it will be your look that is applied, replacing the default look you dropped on the clip from the Effects panel.

My Look in Premiere Pro CS_Next

So, I didn’t need to export my project from SpeedGrade but was able to apply my grade as a ‘Look’ file directly inside Premiere Pro. For quick application of color grades in Premiere Pro this is a BIG feature. I look forward to seeing how this Premiere Pro feature gets used by you and all the excellent presets soon to flood the market!