When play video on Microsoft Movie Maker I get error

Hi Techyv friends,
There are no issues about playing the Microsoft Movie maker on my Windows 7 machine. But at times when I try to play a video or try to import any mp3 file, I get an error message

RegSvr32
The module “quartz.dll” was loaded but the call to DllRegisterServer failed with error code x800700005.
For more information about this problem, search online using the error code as a search term.
Do I need to be concerned about this issue? This error goes off, if I reboot the machine and am not sure, if I need to do something, since it occurs intermittently.
