That's a pretty old format, so there's no direct way to do it (as there used to be, if you have a backwards compatible Sony Digital 8 camcorder that played Hi8 tapes).
A simple digitizer may be the easiest way to convert the tape. It should save your video to a format that Premiere Elements 13 can work with.
Steve, I failed to mention I am using Premiere Elements on Windows 10. The product you suggested does not work on Windows 10 according to its description. Any other suggestions?
Although the description doesn't specify, the device works on Windows 8 so I've little doubt it works on Windows 10 also.
But just to be safe, you could go with this one.
IMO this video grabber is a waist of money.
Chances are you get out of sync footage.
Get yourself an second hand xp computer with firewire and a second hand D8 camcorder (capable to play Hi8 as not all models can)
Capture and transfer to new computer.
While Ann's suggestion is certainly ideal -- IF you can get your hands on a Digital8 camcorder and a computer with a FireWire connection -- I still stand by my original suggestion.
This device will capture MPEGs which can be edited in Premiere Elements.
You dont want mpeg, too compressed. You want dv avi.
I agree with you, Ann. Your point is well taken. That's the ideal format for this type of video. But devices that capture DV-AVI are no longer being made. And current versions of Premiere Elements edit MPEGs just fine.
That is why i said get a second hand xp machine with firewire. D8 camera's are still around on ebay. Problem solved.
Its not the editing of mpeg, its the compression, its visual lossless which dv-avi is not. You dont want to lose picture quality in Hi8 footage.
Getting such a device with a very high chance of getting out of sync footage. Try and get that corrected....