diff --git a/client/ayon_core/plugins/publish/extract_color_transcode.py b/client/ayon_core/plugins/publish/extract_color_transcode.py
index 66ba8ad2be..77c4673bca 100644
--- a/client/ayon_core/plugins/publish/extract_color_transcode.py
+++ b/client/ayon_core/plugins/publish/extract_color_transcode.py
@@ -81,6 +81,7 @@ class ExtractOIIOTranscode(publish.Extractor):
         if not profile:
             return
 
+        profile_output_defs = profile["outputs"]
         new_representations = []
         repres = instance.data["representations"]
         for idx, repre in enumerate(list(repres)):
@@ -98,7 +99,8 @@ class ExtractOIIOTranscode(publish.Extractor):
                 self.log.warning("Config file doesn't exist, skipping")
                 continue
 
-            for output_name, output_def in profile.get("outputs", {}).items():
+            for output_def in profile_output_defs:
+                output_name = output_def["name"]
                 new_repre = copy.deepcopy(repre)
 
                 original_staging_dir = new_repre["stagingDir"]
@@ -318,10 +320,10 @@ class ExtractOIIOTranscode(publish.Extractor):
         subset = instance.data["subset"]
         filtering_criteria = {
             "hosts": host_name,
-            "families": family,
+            "product_types": family,
+            "product_names": subset,
             "task_names": task_name,
             "task_types": task_type,
-            "subsets": subset
         }
         profile = filter_profiles(self.profiles, filtering_criteria,
                                   logger=self.log)
@@ -329,8 +331,8 @@ class ExtractOIIOTranscode(publish.Extractor):
         if not profile:
             self.log.debug((
               "Skipped instance. None of profiles in presets are for"
-              " Host: \"{}\" | Families: \"{}\" | Task \"{}\""
-              " | Task type \"{}\" | Subset \"{}\" "
+              " Host: \"{}\" | Product types: \"{}\" | Task \"{}\""
+              " | Task type \"{}\" | Product names: \"{}\" "
             ).format(host_name, family, task_name, task_type, subset))
 
         return profile
diff --git a/client/ayon_core/settings/ayon_settings.py b/client/ayon_core/settings/ayon_settings.py
index f74e6129db..81a0fde844 100644
--- a/client/ayon_core/settings/ayon_settings.py
+++ b/client/ayon_core/settings/ayon_settings.py
@@ -426,29 +426,6 @@ def _convert_global_project_settings(ayon_settings, output, default_settings):
         ayon_extract_thumbnail["background_color"]
     )
 
-    # ExtractOIIOTranscode plugin
-    extract_oiio_transcode = ayon_publish["ExtractOIIOTranscode"]
-    extract_oiio_transcode_profiles = extract_oiio_transcode["profiles"]
-    for profile in extract_oiio_transcode_profiles:
-        new_outputs = {}
-        name_counter = {}
-        if "product_names" in profile:
-            profile["subsets"] = profile.pop("product_names")
-        for profile_output in profile["outputs"]:
-            if "name" in profile_output:
-                name = profile_output.pop("name")
-            else:
-                # Backwards compatibility for setting without 'name' in model
-                name = profile_output["extension"]
-                if name in new_outputs:
-                    name_counter[name] += 1
-                    name = "{}_{}".format(name, name_counter[name])
-                else:
-                    name_counter[name] = 0
-
-            new_outputs[name] = profile_output
-        profile["outputs"] = new_outputs
-
     if "IntegrateProductGroup" in ayon_publish:
         subset_group = ayon_publish.pop("IntegrateProductGroup")
         subset_group_profiles = subset_group.pop("product_grouping_profiles")