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I have recently upgraded to Premier Elements 2020 from Premier Elements 2015.
When I click on a video in Project Assets I get a thumbnail picture, BUT I cannot "preview" the video. I have to add the video to my work timeline to view.
In Premier Elements 2015 I could preview videos in the Project Assets.
Is this option no longer available or how do I fix?
Unless I don't understand your question, I see it still works on my Windows machine. I'm in the Expert mode and can double click the video clip in the Assets box. Are you doing something different?