Based on two-strip Technicolor from the 1930s. Inspired by Technicolor’s Process 3 used in classics such as The King of Jazz, this LUT converts your image into red/cyan primaries.
The LUT was created by combining the G and B data into a single channel, then replacing the original channels with that result. Skin tones were tweaked prior to this step by interacting the luma/chroma channels in YUV space. A final hue and contrast adjustment finishes the look.
Be advised: This LUT will remove color information, as it effectively converts the color space from 3D to 2D. It is recommended not to burn this look into your footage.

Enjoy!