I replied to one of your other requests. I'm having the same problem with playback. I doubt there's an issue with whatever reader or hardware you were using. I'm suspecting that Windows, Microsoft, Adobe, SOMEONE made an update recently, ran it automatically, and it messed up playback in Adobe. I updated my Direct X just in case.
Sorry I don't have an answer. Just the same problem.
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Because of the way this and every other non-linear editing system works, your media must be moved to your computer's hard drive in order for you to use it in a project.
This is not a flaw in the program. It's simply the way all video editing programs work.
I explain this and why this is in my free "basic training" tutorial series, available in the FAQs to the right fo this forum.
Transfer of files from a card, or camera's HDD (Hard Disk Drive) and Get Media are two totally separate operations. Let me explain:
When you transfer the files from the source to your system, you are doing a Copy of these files to your system's HDD. THEN, when you Get Media, you are only linking the editing program (NLE) to your Project. If they are still on the camera's HDD, or flash card, or similar, and you disconnect the camera, or remove the medium, those links will be broken.
It is exactly the same, when working from an external HDD. The files are not automatically copied over to the internal HDD's, but are linked to the external HDD. Unplug the external, and PrE cannot locate the files. It would be the same if one put in a DVD and then linked to the files on that disc. Remove that disc, and the links will be broken. Copy those files over, and THEN link to them, and so long as you do not Move, or Delete those files, the links work.
This ARTICLE will give you some background on what is in the Project file (.PREL). There is NO media inside those, only links.
Hope that this helps and also explains the differences between first copying and then linking, and just linking to the files.