Starting with Premiere Elements 11, Content is from a download from within the program, no more Content disc for the boxed product. And, no more Internet link that you can go to from which to download Content.
Go to Action Bar/Instant Movie at the top of the Expert view interface or Instant Movie tab at the bottom of the interface.
Proceed with the instructions and when you get to a choice of Template, right click the blue ban at the top right corner of the thumbnail and opt to download just that template or all the templates. Depending on your Internet speed, it can take a long, long time. The download will automatically be placed in the correct location (Online Folder) on your computer hard drive.
Please let us know if that information works for you.