Windows media player - Error c00d1199

I have Windows XP SP2 installed in my system and when i play movies from a network share or from email attachment in windows Media Player 10 than i get C00D1199 error message. I don't have any issue in playing movies saved locally. I have installed latest codecs but that's not making any difference. What might be wrong? What will i have to do to fix it? Help regarding this will be appreciative, thanks in advance.

There are few threads related to C00D1199 in this forum itself, you can check them out and try out the solutions that has been mentioned in them.
C00D1199 Error while playing Video File
error message C00D1199 while using Windows Media Player