The solution I use (Windows 10 and above with Microsoft Store)#
Just install this
Then change to Windows Media Player in the game
Solution provided by the localization group#
Install: K-Lite Basic Codec
Then change to MCI in the game
Solutions for Rewrite MV Not Playing / No Video Display
AI Translation
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AI-generated summary
To solve the issue on Windows 10 and above with Microsoft Store, install the necessary software and switch the game to use Windows Media Player. Alternatively, the localization team suggests installing the K-Lite Basic codec and changing the game settings to MCI.