I have the very latest update for my Premiere pro program. It no longer supports PNG!!! That's insane. Why would you remove any file formats
It can't possibly use up any band with to retain old file formats, yet you have eliminated many. Ones like AVI and PNG are still used for many stock photos and clips. Also, you can no longer edit an audio file in Audition, it always says file not found, no matter which file you choose. Hoping this is just a glitch because it's really slowing down my work flow.
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votes

Premiere Pro definitely supports the import and export of .png files.
If you can reproduce problem using .png files in current builds of PPro, please contact Support and provide step-by-step instructions on how to reproduce it; we’d be happy to help.
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Antoine (Autokroma.com) commented
You can't import .png files ?!