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I can export to Apple ProRes 422 HQ from Premiere Elements 11, but when I try to import, I get an error message saying that it is not supported or need an additional codec. How do I get this codec for Premiere 11? Or do I just need to upgrade ?
Current versions do not seem to support your needs. Check the link for the supported formats.
Supported file formats in Adobe Premiere Elements
Make sure you have quicktime installed.\
I dont know about E11, but later versions import prores just fine.