Windows 11 and 10 users right now may be unable to record, playback, or capture videos at the moment, when using the WVC1 codec. Microsoft has confirmed it is a known issue and recommends a rollback.
Microsoft published a new support page with details about codec support in the Windows Media Player app. As it turns out, the company is removing AC-3 Dolby Digital support in Windows 11 version 24H2.