Premiere Pro Update - Video not displaying
I just updated Premiere Pro to the latest version released at Adobe Max. Now I am having an issue with importing video and it not displaying. You can hear the audio but you can't see the footage, just appears black. One clip was an mp4 and the other an mov. I even tried converting to a different file format but that doesn't work. I am working on Windows 7 computer, 32 bit.
Please HELP!