[Ian Fitch]

Have you updated Creative Cloud, yet? What’s usually the case now that the Creative Suite is done for is that whenever the Creative cloud has an update, that pretty much renders your bigger programs (Premiere, AE, Flash, Audition) useless until you update.

If you haven’t updated CC yet, do so. You’ve probably got a prompt saying that you need to. Then, restart your computer. Go back into Premiere and make the recovery file.