Have to convert 5d mark iii footage?

Hello,
When I try to drop mark iii footage on the SpeedGrade timeline I don't get any video, but I get audio. The thumbnails display a red dot at the top left corner:
I presume I have to convert the footage to something more common and editable before bringing into SpeedGrade, is that right?
Many Thanks,
David

It shouldn't be an issue bringing mkIII footage right into SpeedGrade.
A couple of questions:
Are you working on Win or Mac ?
What are you seeing on screen when you load the clip to timeline (error message, black) ? Please upload a screen-grab of SpeedGrade UI
Can you load the clip in QT player ?
Can you load any other QT's in SpeedGrade ?
Thanks.
Dennis

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Have to convert 5d mark iii footage?

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