Update
I had to switch the TV to High Color rather than True Color. This option is in the Display Settings, Select the monitor / TV and then the "Advanced Settings" link. Select the "Monitor" tab and then switch the "Colors" drop down from "True Color (32bit)" to "High Color (16 bit)" and the videos should play.
I'd love a reply from an admin to see if there's a better solution. Obviously, 32 bit color would be desired.
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