Premiere Elements classifies LUTs into two categories:
Input LUT: An Input LUT interprets footage. It is applied on flat log footage to enhance and color-correct footage. You can use it as a starting point for grading footage.
Creative LUT: This is a LUT designed to change a clip's appearance and color style. Apply looks to make your video look like a professionally shot film. The LUTs we sell are creative LUTs.
To add a LUT, do the following:
- Select a clip in the Timeline panel.
- Open the Color Correction and Grading panel.
- In the Creative section, click on the Select LUT from the dropdown menu. To add a new LUT, click Browse…
- The File Explorer on your system opens. Select the .cube LUT of your choice.
The LUT is applied on the clip. You can then edit the white balance and tone of the clip.
Source: Adobe