Try the original Panasonic P2 card in Resolve first
Panasonic P2 is a recording structure, not a single codec. Blackmagic Design's DaVinci Resolve 20 codec table includes P2, DVCPRO, and AVC-Intra entries. Their presence does not mean every P2 recording works in every Resolve edition or operating system, and an old camera-model list is not evidence that P2 is unsupported. Check the exact codec, MXF operational pattern, installed Resolve version, Free or Studio edition, and operating-system notes.
Keep the complete CONTENTS folder with LASTCLIP.TXT when present, including companion audio and metadata files. Panasonic documents that these files belong together. Keep separate folders for separate cards and do not flatten the media into a single folder. Try the original card structure through the native import workflow supported by your installed Resolve version, then check picture, audio channels, duration, and spanned clips.
Use a DNxHD editing fallback when needed
If the original media still cannot be imported or decoded reliably, use the three steps below to create one HD editing copy. DNxHD re-encodes video; it does not repair an incomplete card backup or automatically preserve camera metadata. Confirm that LosslessConverter can load the complete clip with its required audio before converting, and retain the original P2 card folder.



