Yes. It plays without problems all the way through in QT and I was able to import the same media successfully using a different system. It’s this one computer / AVID having the issue.
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Thank you for your reply. I actually already fixed the problem. For anyone who has this issue simply delete any files with “msmFMID” and “msmMMOB” off your computer. Restart. Then re-launch Avid and it should work fine.