PowerPoint cannot insert a video from the selected file

PowerPoint cannot insert a video from the selected file. Verify that the necessary 64-bit codec for this media format is installed, and then try again.

This message only appears on 64-bit office system:

PowerPoint cannot insert a video from the selected file. Verify that the necessary 64-bit codec for this media format is installed, and then try again.

This is the message appears on 32-bit office system:

PowerPoint cannot insert a video from the selected file. Verify that the necessary codec for this media format is installed, and then try again.

This is the message also appears on 32-bit office system:

PowerPoint cannot insert a video from the selected file. PowerPoint cannot insert a video from the selected file Verify that the path and the file format are correct and also try installing the latest version of the Apple QuickTime player, restart PowerPoint and then try again.

To solve this install K-Lite Codec Pack Full and restart PowerPoint program or whole computer
https://www.codecguide.com/download_k-lite_codec_pack_full.htm

Related:
https://docs.microsoft.com/en-us/office/troubleshoot/word/cannot-insert-quicktime-media