ID 532379 - Background Images in the Advanced Viewport have incorrect gamma settings.

Problem summary
Background Images in the Advanced Viewport have incorrect gamma settings.
 
Customer reported version
modo.16.0v4
 
Customer reported platform
windows10
 
Steps to reproduce
1) Open Modo and inside of the Scenes List select the Camera item and in the Camera View tab of the properties scroll down to Background Image.
2) Select the box next to Background Image and set an image of your choice (preferably one with multiple colours).
3) In the 3D viewport change the view from Perspective to Camera.
4) Notice how the background image appears in the Default viewport.
5) Change Default to Advanced.

 
Expected behaviour
The image should appear the same as it does in the Render Window and Default viewport.
 
Actual behaviour
The image is more washed out with incorrect gamma in the Advanced viewport. 
 
Workaround
Unknown.
 
Reproduced by support
This bug has been reproduced in:
16.0v4 - Windows 10, macOS 11.7
14.0v1 - Windows 10, macOS 11.7
 
Earliest version tested
14.0v1 - This issue appears to be in all tested versions of the product.