On April 2, 2014, Adobe announced updates to all Creative Cloud video apps that will debut at NAB. This video demonstrates the four key new features in Premiere Pro CC: Master Clips, Live Text, Masking and Tracking, and new 4K format support.
Streaming Media Producer transcribed this tutorial and added screens to the text; if you’d prefer to read about it rather than watching the tutorial, click here.
Here’s the official Adobe video on the new features by Al Mooney, the Premiere Pro product manager.
Finally, you can read a complete list of update details on the Premiere Pro blog here.