most likely corrupted file, try to re-download the file if you still have it. I never could fix this thing, happened very rarely but it did, and i remember once re-downloading the file from the cards and it worked, but only one time.
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what do you do for macs?
I'm assuming you're seeing this when you are trying to import the file in to premiere
It's possible there's some corruption on your harddisk. Use diskutility: diskfirstaid to analyze and repair the drive
If that doesn't solve the problem
use mediainfo and see if it can tell you the specs of the file
In particular tell us the codec, pixeldimensions, frame rate and if it's constant or variable frame rate.
You might see if handbrake can open the file
If so, convert it with the quality slider set to maximum and make sure it's set to constant frame rate.
My client had the same problem, turned out it was because she was using files that were still in a .zip file. She unzipped them, stored them in a local folder, closed Premiere, Restarted the PC and it worked.
I brought my corrupted mp3's into VLC media converter and reoutput them as MP3s again, and it worked!
this was the only thing that worked for me, so thank you!!!
This worked for me on a Mac. Thank you!