You are probably using the video clip (Facet 7 - Yogic Lifetyle.mp4) to the media end. That is, you're using that clip to the last frame. Assuming that this is the case, you need to set the Out Mark before the clip ends so that that transition has frames to work with. Try selecting the Ripple Edit Tool, hover over the right edge of the video clip boundary and then click and drag to the left for 12 to 15 frames (more frames allows for a longer transition while fewer allows for a shorter one).
You can also select the Transition and adjust this in the Effect Controls.
This will shorten your edit and you may want to add time back to the tail of the PNG. An audio adjustment may also be needed.
This is not the case. It is applying this irrespective of what two clips I place it on. As an example, here is the same clip shortened by a minute with an audio stinger on the end.
It's been working without issue for the last month and a half. I'm also now expericing an inability to export a file as Premier crashes each time I do, which leads me to believe that there may be a corrupt file nestled in this project...
If that doesn't work, try resetting the Workspaces: Reset a workspace Reset the current workspace to return to its original, saved layout of panels. 1. Do one of the following: • Click the Workspace menu icon and select Reset to Saved Layout. • Choose Window > Workspace > Reset to Saved Layout. from here: https://helpx.adobe.com/premiere-pro/using/workspaces.html
If that doesn't work, try Preferences > Audio Hardware and set Input to None.
If that doesn’t work, try updating or rolling back your graphics driver directly from the video card manufacturer’s site.
If that doesn't work, try creating a new project and import the old one into it.