Failed to install the iPPOTV

I am getting the following error message when I try to install the iPPOTV (see figure below):

Error
Assertion failed!
Program:C:program [email protected]
File:player.cpp
Line:16
Expression:m_hModel
For information on how your program can cause an assertion failure,see the Visual C++ documentation on asserts.
Need your suggestion to fix it. Please help.
Thanks a lot.
