Downloading video highlight from hitbox and trying to edit it in Adobe Premiere fails with generic error

[Cephel]

E:\>youtube-dl -v http://www.hitbox.tv/video/922061
[debug] System config: []
[debug] User config: []
[debug] Command-line args: [u'-v', u'http://www.hitbox.tv/video/922061']
[debug] Encodings: locale cp1252, fs mbcs, out cp437, pref cp1252
[debug] youtube-dl version 2016.03.01
[debug] Python version 2.7.10 - Windows-8-6.2.9200
[debug] exe versions: ffmpeg N-77883-gd7c75a5, ffprobe N-77883-gd7c75a5
[debug] Proxy map: {}
[hitbox] 922061: Downloading video JSON
[hitbox] 922061: Downloading metadata JSON
[debug] Invoking downloader on u'http://hitboxht.vo.llnwd.net/e2/static/videos/vods/oyap/9ec50d6537ba8c2abb764ca60d0baed04c9078d5-56d529c31d6ec/oyap/74e9c958fd7e7b9806e9ddf7ea7f9804.m3u8'
[hlsnative] Downloading m3u8 manifest
[hlsnative] Total fragments: 5
[download] Destination: unbind mad-922061.mp4
[download] 100% of 20.55MiB in 00:04

Error message from Premiere:

Error message from Media Encoder:

[dstftw]

ffmpeg/vlc/mpv have no problems with produced file. Should be an issue with Premiere.

[Cephel]

Using ffmpeg with

E:\>ffmpeg -i "unbind lul-922047.mp4" -c:v libx264 -b:v 3.5M "unbind lul.mp4"

Fixes the issue.

Somehow.