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Vegas 8.1 red screen on timeline
I have a new core i7 920 w/9 Gig ram running Vegas 8.1 64-bit on Vista 64-bit OS. No firewall or online access. Whether I am editing mpg footage or AVCHD mts files, I get a red screen on the video track of the timeline, and a black picture. Audio plays fine. Sometimes I can open an mpg file, sometimes it says there is an error with the file. I change settings to various things, but no luck. Previous projects have worked okay. Any ideas?