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After the most recent beta update, the media wont play at all in the timeline. Space bar, "L" and the play button wont start the playhead across the timeline. Hope this update didnt kill the functionality of beta.
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Oddly enough, bringing the file into Pr (Non-beta), rendering the timeline, saving as a new project, then opening that new project in BETA solved the issue. As I was digging, it became more an more obvious that the issue had something to do with rendering and by creating a new project with a new render file location seems to have fixed the problem.