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File says MPEG inside it says VOB
Directly editing a VOB... or Ripping a VOB to edit using a note from Jim Simon
If the above link doesn't help, convert to a different codec with https://handbrake.fr/ open source transcoder/converter
It seems like an issue with GPU drivers or footage.
Please check this help article, it seems related: Resolution for an issue where green, purple, or pink haze appears in the Source or Program monitors, or the exported fil…
Also, change the renderer in the project settings and see if it fixes the issue. Here are the steps: FAQ: How to change the Video Renderer in Premiere Pro?
There is something in those files (header?) that CC does not like.
Try CS6 it might be more forgiving before having to convert.
I seem to have found a solution, that does NOT involve transcoding or re-ripping (which is what I was trying to avoid)!
In desperation, I turned to TS Doctor, which I have been using to clean up .ts-files from my PVR. It would happily import my files, and I could then choose to "Save new file." And here is the trick: Saving it as .ts changes nothing - PPro did the same thing with the resulting file. But saving it as .m2ts did the trick - PPro now opens and plays the file properly! :-)