The solution is to update the desktop Creative Cloud application. Sign in to the Creative Cloud desktop application to trigger the installation process. In some cases, it’s necessary to sign out and sign back in within the Creative Cloud desktop application to get this option.
Updating the Creative Cloud desktop application also fixes crashing on launch for the following applications:
- Bridge CC
- Edge Inspect CC
- Scout CC
Updating the Creative Cloud desktop application provides fixes for other applications, as well. See the release notes here.
More details, including an alternate solution, can be found here: http://helpx.adobe.com/creative-cloud/kb/ame-premiere-crash-launch-export.html