How to disable the real-time colour management built into macOS?

It's especially noticeable when watching videos in full screen - the depth of colour is lost and the bright areas become even more contrasting, losing detail. But as soon as you move the cursor or any element of the interface appears, everything instantly returns to normal. As far as I remember from searching for information earlier - it's a built-in macOS feature. What service is responsible for it? How can it be found and disabled? (The same service is noticeable in iOS by the way)