I I have tried resetting file association in control panel they all appear to be correct however.subsequent downloading has not improved anything unfortunately, I also noticed it was endlessly searching.
.I will briefly run through replacing the effects extractor in case i have done it incorrectly.
1. downloaded your file opend the zip file
2. program files x86 cyberlink shared files
3.replace the effect extractor exe with the 1 from the zip file of the same name by dropping it into shared files, and said yes to replacing the old file.