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When I tried PowerDirector 12 on Win 8.1 earlier it did not work. Well at least the producing part would not work but this was beta Windows. With the official Windows version now available, is there any reason to believe it would work now?
Worked fine with the Preview for me and works fine with rtm.
Just make sure it is all up to date.
PD12 Ultimate Suite (upgrade from PD11 Ultimate). PhotoDirector 5. PowerDVD13. YouCam 5.