I had faced issue with media streaming through Windows Media Player. I had upgraded from Windows Media Player 10 to 11. There were no errors while upgrading and thing went quiet fine. Now the media streaming option was enabled by default. I am having around 300 videos. They are in avi, mpg format. There is no need of any codec to play this files. I can stream media files but there is no sound at all. The same use to work before properly. I am turn off all the security settings while media streaming. I checked all the settings nothing is set to mute.
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