I am unable to create and edit programs

My Dell laptop is installed with COM+, programming software that helps me to perform tasks such as group resources, disengage applications as well as broadcast some events. During one of my normal programming procedures, when I tried to insert text media, a pop-up message suddenly appears with the following error. What could be causing this?

Error:
Vegas Pro 9.0
An error occurred during an edit operation.
The COM object failed to initialize.
0fe8789d-0c47-442a-afb0-0daf97669317 – Media Generator
