Normal colors in menu, washed out playback

Hello,

I have a strange issue with Kodi 16 for Windows that I do not have on, say, Raspberry Pi 3. The TV is calibrated to the PC’s normal HDMI signal, so brightness/contrast etc. are as good as it gets if not perfect. And I can verify that everything is fine when I launch Kodi – the menu looks quite normal.

When I run a video, the blacks start to look annoyingly washed out.

Windows 7
AMD Catalyst 16.2.1 Non-GCN Legacy Driver
AMD 760G (HD 3000)

What could this be? Should I be playing with AMD drivers’ video tab or Kodi’s playback settings?