WPF MediaElement white color is shown as gray

Question

I try to show a MP4-Video using the MediaElement in WPF. Playing the video works just fine. However, the white colors are displayed grayish. When I open the video file in some other video player, the white color is shown as it should. Has anyone else experienced this?

<MediaElement LoadedBehavior="Play"
              Source="Resources/Videos/TestVideo.mp4" />

Video played as WPF MediaElement:

Same video played in Windows Media Player:

Answer 1

Changing the dynamic range to "Full (0-255)" in NVIDIA Settings solved this issue.