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I was working on a project all this week with no problems. Nothing has changed on my computer from last night to this morning and yet when I tried to open the project it wouldn't open and gets stuck on "Loading AlphaProcessor.aex". I updated premiere pro to the latest version today and I'm still having the same problem; it gets stuck on "Loading AlphaProcessor.aex". How do I fix this so that I can get my project open? Thank you.
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Try launching Premiere Pro while holding Shift key. When asked, say yes to clear the plug-in cache. If this doesn't help, try holding Shift+Cmd (Mac) or Shift+Alt (Win) and launch Premiere Pro. Note: the second option clears your preference settings. You may need to set your preference settings again.
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The problem is solved. It turns out that a plug in from NewBlueFX is what caused the problem. Once the plugin was deleted, premiere pro worked fine.