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It seems to be permission issue.
Could you please run setup file in Run as Administrator mode
Here's the procedure:
1: Insert Pinnacle Studio disk
2: Open My computer > Right Click CD/DVD Drive > Click Open
3: You can view the pinnacle software files, find setup.exe file
One found, right click setup.exe file > Click Run as Administrator
4: Enter administrator password ***** it prompts, this starts installation without issue
If you still have trouble then let me know what exact message/error it displays
waiting for your replty