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The problem is most likely caused by some missing dlls that cannot be found on the system path or in the folder where the executable is.
As this happens on other programs you have, it could be a C++ Visual basic error.
There is no real way to confirm where the error is except by trial and error, try reinstalling all your C++ Visual Basic, all versions that are currently installed.
It is not a CyberLink related error.
I reinstall my OS twice a year, just to get rid of all the garbage that seems to build up
Robert