I am not having problems with this basic functionality in 2019. There has been an issue that I have see on occasion (and other users complain of it also occurring randomly), where the appearance in the program monitor is not in sync with changes made - but the changes are usually visible in the captions panel.
That is similar to what you describe, but I do not recall it happening from the beginning of editing.
First, more info: what OS, exact dot version of PR, a screenshot of your captions panel.
If you can post the srt you are importing, I can take a look.
Relatively new is the ability to change the import characteristics. Look in the Captions Panel in the lower left for "Import Settings." If you know you need to change the font style, size, etc for all your captions, this does the trick.
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Thank you for your feedback !!!! After some tests I finally find out how to make .srt works in Premiere, but.... for me that is a bug !
1 - Start Adobe Premiere CC 2019.
2 - Load the video on the timeline.3 - Import .srt files and add it to the timeline. From now I can't edit the .srt layout (only have the preview in the Captions tab).
4 - SAVE AS the project
5 - Close Adobe Premiere CC 2019, start the software again.
6 - Load the project and now you can edit captions layout.
If you import other .srt, edit won't be possible until you save the project and restart the app....
To sum up.... when you import .srt you have to save the project before any edit of the captions layout..... (sic)....
Glad you found a way. I do not have to take those steps to get a caption stream to edit. BUT, when I do occasionally get this bug, it is steps like yours that may get it working again.
Thank you! I was having same issue and now using this method I can edit the captions. :-)