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Thanks for your help..
Worked on video all day. Added a small video clip to the project by dragging on to timeline and video gone. Not listed under recent projects. Backups won't open. When I finially get something to load, the entire video is there but it does that red screen trick offline.
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With what little you've supplied, it sounds like a hardware failure. Maybe a disk drive failure. How full is your HDD? What are the details of your system? What is the source of the video files?