I think you need another app to edit the files, you can try out the demo of Adobe Premier Elements
http://www.adobe.com/products/premiere-elements.html
At the bottom it's a link to install a trial or you can go with Adobe Premier but you need to learn to use it.
I would think that you can to remove it, since it's going to try to update and fail and create the text file telling you that you have the latest.
I just saved the file on my computer.
What are the specs on the PC?
Since the file is a big file and on 4K you need a PC that can work on the files, But I have being able to work on them on a Macbook air with 4GB core i5.
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