Recently updated from ESRI 10.0 to 10.3.1. I went to georeference some black & white PNG images in 10.3.1 and after loading they do not display correctly. The loaded PNG images need to individually have "Display Background Value" checked with the "as" box set to black to display the image correctly before I can georeference. Opening the same image back up on 10.0 displays correctly. I have to continue with PNG images (Our image database is only png's, switching is not preferred).
Does anyone know of a setting to correct the issue?