[Maarten Hu]

I had exactly the same error and for me it was fixed after I did the following:
– Close all programs
– Run CCleaner or similar software
– Restart PC
– Try rendering with media encoder again

I did not have to make any compromises with my settings afterwards, so I do think its something in a cache somewhere.
Really do hope this helps (if you even still have this issue) if not I’m posting this for other users that come across this thread while googling this error code (thats why I’m here)