>found the solution was to disable my iGPU in device manager, then it works fine
As far as I know, that is the only solution, since Premiere Elements really is not designed for dual graphic adapters
Hrmh, that's annoying. The main problem here is that my recording software needs it on, and the editing software needs it off - and that's really quite an annoying thing to do, especially with it switching graphics drivers and flashing black screens and all.
Don't disable the Intel GPU. Causes more problems then it fixes. Here's your solution believe it or not. Go to download.com and find the K-Lite Codec Pack_Full and install. It seems that the new updates have been messing peoples system's ability to read Codecs. This fixed my problem and I've been searching all day every day for over a week now.