Best answer: You cannot install and run Adobe Premiere Pro on a Chromebook, but you can download video editing apps from the Play Store. PowerDirector by CyberLink is a great option for Chromebooks.
Play Store: CyberLink PowerDirector (Free!)
No Premiere Pro
Unfortunately, Adobe hasn't quite got round to developing Premiere Pro for Chrome OS and I doubt we'll see it arrive anytime soon as Chromebooks are viewed as less powerful and more portable PCs. That said, if you own a Chromebook and desperately need to edit some videos on the device, there are options out there on the Play Store.
I've highlighted CyberLink's PowerDirector as the best choice for Chromebook video editing thanks to the familiar UI you'd find on the PC version, as well as support for video up to 4K — yes, you can edit video in 4K on a Chromebook. And because it's developed for Android, you'll find it to be very touch-friendly too.
Most of the features are available for free, including various effects and functions. The only downside to PowerDirector (and the Chromebook) is the lack of power and hardware acceleration. When exporting a 1080p or 4K video, you'll want to leave your Chromebook plugged in and go do something else for a day or two.
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