This problem is caused by a faulty installation of the file "installation.ini".
The following steps allow the problem to be resolved quickly:

1. Close your software.
2. Navigate to your application's main folder and delete the "installation.ini" file. 
3. Uninstall the program from the Control Panel under "Programs and Features" or "Settings & Apps".
4. Reinstall your software.

Depending on the program version in use you will find the file "installation.ini" under the path:

• C:\ProgramData\VEGAS\VEGAS_Pro_14
• C:\ProgramData\VEGAS\VEGAS_Pro_15
• C:\ProgramData\VEGAS\VEGAS_Pro_16
• C:\ProgramData\VEGAS\VEGAS_Pro_17
• C:\ProgramData\VEGAS\VEGAS_Movie_Studio_14
• C:\ProgramData\VEGAS\VEGAS_Movie_Studio_15
• C:\ProgramData\VEGAS\VEGAS_Movie_Studio_16
• C:\ProgramData\VEGAS\VEGAS_Movie_Studio_17
• C:\ProgramData\VEGAS\VEGAS_Movie_Studio_14_Platinum
• C:\ProgramData\VEGAS\VEGAS_Movie_Studio_15_Platinum
• C:\ProgramData\VEGAS\VEGAS_Movie_Studio_16_Platinum
• C:\ProgramData\VEGAS\VEGAS_Movie_Studio_17_Platinum