diff --git a/openpype/settings/defaults/project_settings/global.json b/openpype/settings/defaults/project_settings/global.json
index 9ccf5cae05..959faf14fa 100644
--- a/openpype/settings/defaults/project_settings/global.json
+++ b/openpype/settings/defaults/project_settings/global.json
@@ -70,6 +70,12 @@
         },
         "ExtractThumbnail": {
             "enabled": true,
+            "oiiotool_defaults": {
+                "type": "colorspace",
+                "colorspace": "color_picking",
+                "view": "sRGB",
+                "display": "default"
+            },
             "ffmpeg_args": {
                 "input": [
                     "-apply_trc gamma22"
diff --git a/openpype/settings/entities/schemas/projects_schema/schemas/schema_global_publish.json b/openpype/settings/entities/schemas/projects_schema/schemas/schema_global_publish.json
index c7e91fd22d..a850cb68ed 100644
--- a/openpype/settings/entities/schemas/projects_schema/schemas/schema_global_publish.json
+++ b/openpype/settings/entities/schemas/projects_schema/schemas/schema_global_publish.json
@@ -202,6 +202,38 @@
                     "key": "enabled",
                     "label": "Enabled"
                 },
+                {
+                    "type": "dict",
+                    "collapsible": true,
+                    "key": "oiiotool_defaults",
+                    "label": "OIIOtool defaults",
+                    "children": [
+                        {
+                            "type": "enum",
+                            "key": "type",
+                            "label": "Target type",
+                            "enum_items": [
+                                { "colorspace": "Colorspace" },
+                                { "display_and_view": "Display & View" }
+                            ]
+                        },
+                        {
+                            "type": "text",
+                            "key": "colorspace",
+                            "label": "Colorspace"
+                        },
+                        {
+                            "type": "text",
+                            "key": "view",
+                            "label": "View"
+                        },
+                        {
+                            "type": "text",
+                            "key": "display",
+                            "label": "Display"
+                        }
+                    ]
+                },
                 {
                     "type": "dict",
                     "key": "ffmpeg_args",