Error on startup : "The audio mixing and playback engine could not be initialized. Annot create

When starting the HitFilm demo, i get this error - "The audio mixing and playback engine could not be initialized. Annot create cache folder path" I used to be able to run hitfilm perfectly, but now i only get this error. Any help? Could it be related to an old custom cache location on an external HDD, that now cannot be accessed? Any help is greatly appriciated.

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