The ratio between coding quality on the one hand and coding rate on the other hand is increased. To this end, a global predictor and a local predictor are used in combination. The global predictor derives a global tone-mapping function based on a statistical analysis of pairs of values of co-located samples in the first tone-mapped version and the second version of the picture, and applies the global tone-mapping function onto the first tone-mapped version of the picture. The local predictor locally derives a locally varying tone-mapping function based on a statistical analysis of values of co-located samples in the second version of the picture and the globally predicted reference picture in units of sub-portions into which the globally predicted reference picture and the second version of the picture are partitioned, and applies the locally varying tone-mapping function onto the globally predicted reference picture.