Colored texts in world names not working

Description

In Minecraft Bedrock you can give different colors or/and effects to text with the section symbol (§) and a character/number next to it. However, this function does not seem to be working on world names in the latest versions, since the worlds menu was updated.

Steps to reproduce

Create a new world and, when changing the name, use the section symbol (§) and a character/number next to it (for example, §c to make the text color bright red) and then make the name whatever you want.

Expected result

When looking at the world name on the worlds menu, it should have the color/effect you applied with the section symbol (§), unless you go to the world settings and change the name (this is what used to happen in versions previous to the worlds menu change).

Observed result

The name shows the section symbol (§) and the character/number together with the name you chose, and does not apply the color/effect. This is strange, given that this actually works when you look at the world’s name from the pause menu, in the top-right corner of the screen.