yes, VLC will play it correctly.
however, the problem started off that I have two videos: one is an intro and the other is a logo (which has video footage in the background). one has a black background, the other one is transparent whereas both use the animation codec.
when I put them in the timeline (premiere cs6) next to each other, export as h264, their grey tone will change.
So I am just trying to find out where the root of this problem sits, to solve this issue.
No need to propose me a workaround, i want to know why things are how they are.
Any help with this is highly appreciated.