I want AE+PP and brother wants PS. Will that work?

I already have Photoshop CS5 and my brother wants it as well.
I have the student edition, so he can't install it on his MacBook (I'm sure you get 2 or 3 codes with the full price version?)
I'd like to get After Effects and Premiere Pro. So I thought we might as well get the Production Premium package. But I'm wondering, will it work if he installs Photoshop then lets me install After Effects and Premiere Pro? My friend said you can select which ones to install.
We'd be getting the Student edition, meaning that you only get one code.
Edit: Just read a few things. How about, I de-activate Photoshop on my Mac. Give it to my brother and then install Photoshop again from the Production Premium box? Will that work?

Forgetting about how many activations you get with any Adobe product, you still only get one license. A secondary activation on non-student versions is only for use by the original licensee for a second system that they are personally using, such as a notebook used for travel versus a desktop system used in the office.
In absolutely no situation may a student or educational edition of any Adobe software be given, lent, sold, or in any other way transferred to anyone other than the original purchaser who qualified at time of purchase for a student or educational edition.
If your brother wants a copy of Photoshop, he needs to get his own copy. If we qualifies as a student, he is of course welcome to buy a student edition from an authorized Adobe reseller or via Adobe's web site. Note that your brother will be required to provide actual evidence of his eligibility for this discount. (See Adobe's web site for information about these requirements.) Otherwise, your brother should purchase a standard, retail copy of Photoshop.
- Dov

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I want AE+PP and brother wants PS. Will that work?

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