I had the same problem and I google it and also didn't find anything helpful. Try installing and reinstall Quicktime and Storyteller in all orders possible.
What fixed this error for me was installing storyteller on a different folder than the installation default. Outside C:\Program Files(x86)\
For instance, if you install on C:\Users\username\Documents\Storyteller
It worked for me. It may work for other people as well. I'm on windows 7 64 bit. Also tested on Windows 10.
Give it a try.
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