diff --git a/dialogs/preferencesdialog.cpp b/dialogs/preferencesdialog.cpp
index ad669341f..cd9d90baf 100644
--- a/dialogs/preferencesdialog.cpp
+++ b/dialogs/preferencesdialog.cpp
@@ -48,6 +48,7 @@
 #include "global/config.h"
 #include "global/path.h"
 #include "rendering/audio.h"
+#include "rendering/bitdepths.h"
 #include "panels/panels.h"
 #include "ui/mainwindow.h"
 
@@ -942,6 +943,26 @@ void PreferencesDialog::setup_ui() {
 
   row++;
 
+  // COLOR MANAGEMENT -> Playback Bit Depth
+  QComboBox* playback_bit_depth = new QComboBox();
+  for (int i=0;i<olive::rendering::bit_depths.size();i++) {
+    playback_bit_depth->addItem(olive::rendering::bit_depths.at(i).name, i);
+  }
+  color_management_layout->addWidget(new QLabel("Playback Bit Depth:"), row, 0);
+  color_management_layout->addWidget(playback_bit_depth, row, 1);
+
+  row++;
+
+  // COLOR MANAGEMENT -> Rendering Bit Depth
+  QComboBox* rendering_bit_depth = new QComboBox();
+  for (int i=0;i<olive::rendering::bit_depths.size();i++) {
+    rendering_bit_depth->addItem(olive::rendering::bit_depths.at(i).name, i);
+  }
+  color_management_layout->addWidget(new QLabel("Rendering Bit Depth:"), row, 0);
+  color_management_layout->addWidget(rendering_bit_depth, row, 1);
+
+  row++;
+
 #ifdef NO_OCIO
   enable_color_management->setEnabled(false);
   ocio_config_file->setEnabled(false);
diff --git a/main.cpp b/main.cpp
index 20c52026a..4a2e5fc4b 100644
--- a/main.cpp
+++ b/main.cpp
@@ -24,6 +24,7 @@
 #include "global/config.h"
 #include "global/global.h"
 #include "panels/timeline.h"
+#include "rendering/bitdepths.h"
 #include "ui/mediaiconservice.h"
 #include "ui/mainwindow.h"
 
@@ -131,6 +132,9 @@ int main(int argc, char *argv[]) {
   // multiply track height constants by the current DPI scale
   olive::timeline::MultiplyTrackSizesByDPI();
 
+  // set up rendering bit depths
+  olive::rendering::InitializeBitDepths();
+
   // connect main window's first paint to global's init finished function
   QObject::connect(&w, SIGNAL(finished_first_paint()), olive::Global.get(), SLOT(finished_initialize()));
 
diff --git a/olive.pro b/olive.pro
index f0f948fa0..3f04c492c 100644
--- a/olive.pro
+++ b/olive.pro
@@ -174,7 +174,8 @@ SOURCES += \
     effects/internal/richtexteffect.cpp \
     ui/blur.cpp \
     ui/menu.cpp \
-    rendering/qopenglshaderprogramptr.cpp
+    rendering/qopenglshaderprogramptr.cpp \
+    rendering/bitdepths.cpp
 
 HEADERS += \
         ui/mainwindow.h \
@@ -302,7 +303,8 @@ HEADERS += \
     effects/internal/richtexteffect.h \
     ui/blur.h \
     ui/menu.h \
-    rendering/qopenglshaderprogramptr.h
+    rendering/qopenglshaderprogramptr.h \
+    rendering/bitdepths.h
 
 FORMS +=
 
diff --git a/rendering/bitdepths.cpp b/rendering/bitdepths.cpp
new file mode 100644
index 000000000..b7bf217f3
--- /dev/null
+++ b/rendering/bitdepths.cpp
@@ -0,0 +1,51 @@
+/***
+
+  Olive - Non-Linear Video Editor
+  Copyright (C) 2019  Olive Team
+
+  This program is free software: you can redistribute it and/or modify
+  it under the terms of the GNU General Public License as published by
+  the Free Software Foundation, either version 3 of the License, or
+  (at your option) any later version.
+
+  This program is distributed in the hope that it will be useful,
+  but WITHOUT ANY WARRANTY; without even the implied warranty of
+  MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+  GNU General Public License for more details.
+
+  You should have received a copy of the GNU General Public License
+  along with this program.  If not, see <http://www.gnu.org/licenses/>.
+
+***/
+
+#include "bitdepths.h"
+
+#include <QCoreApplication>
+
+namespace olive {
+namespace rendering {
+
+QVector<BitDepthInfo> bit_depths;
+
+void InitializeBitDepths() {
+  BitDepthInfo bdi;
+
+  bdi.name = QCoreApplication::translate("bitdepths", "8-bit");
+  bdi.pixel_type = GL_UNSIGNED_BYTE;
+  bdi.internal_format = GL_RGBA8;
+  bit_depths.append(bdi);
+
+  bdi.name = QCoreApplication::translate("bitdepths", "Half-Float (16-bit)");
+  bdi.pixel_type = GL_HALF_FLOAT;
+  bdi.internal_format = GL_RGBA16F;
+  bit_depths.append(bdi);
+
+  bdi.name = QCoreApplication::translate("bitdepths", "Full-Float (32-bit)");
+  bdi.pixel_type = GL_FLOAT;
+  bdi.internal_format = GL_RGBA32F;
+  bit_depths.append(bdi);
+}
+
+}
+}
+
diff --git a/rendering/bitdepths.h b/rendering/bitdepths.h
new file mode 100644
index 000000000..ab1b07e8a
--- /dev/null
+++ b/rendering/bitdepths.h
@@ -0,0 +1,42 @@
+/***
+
+  Olive - Non-Linear Video Editor
+  Copyright (C) 2019  Olive Team
+
+  This program is free software: you can redistribute it and/or modify
+  it under the terms of the GNU General Public License as published by
+  the Free Software Foundation, either version 3 of the License, or
+  (at your option) any later version.
+
+  This program is distributed in the hope that it will be useful,
+  but WITHOUT ANY WARRANTY; without even the implied warranty of
+  MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+  GNU General Public License for more details.
+
+  You should have received a copy of the GNU General Public License
+  along with this program.  If not, see <http://www.gnu.org/licenses/>.
+
+***/
+
+#ifndef BITDEPTHS_H
+#define BITDEPTHS_H
+
+#include <QString>
+#include <QVector>
+#include <QOpenGLExtraFunctions>
+
+namespace olive {
+  namespace rendering {
+    struct BitDepthInfo {
+      QString name;
+      GLuint pixel_type;
+      GLuint internal_format;
+    };
+
+    extern QVector<BitDepthInfo> bit_depths;
+
+    void InitializeBitDepths();
+  }
+}
+
+#endif // BITDEPTHS_H