I have just purchase Movie Studio 2023 Suite. Included with that is NewBlue Essentials, which is one of the main reasons why I bought the Suite version. I installed Movie Studio then went through the process to Activate NewBlue Essential, install it, and apply the serial number to it. The NewBlue components show up in "Effects". When I apply one of the NewBlue effects to my video clip, it has a red X through the video screen and an "FX" watermark (very hard to see). See the attached picture for an example. Then Movie Studio Locks up and is not usable. I have to kill it. The NewBlue Stylizers, that is also part of Suite, works just fine.
I have tried it on many different types of videos, I have tried many different Newblue Essentials effects. All do the same thing.
What is wrong?