bsplayer crashes

[toughmccuddllo]

I have been using this app for years and have never encountered this problem. Maybe its because of the new version of winamp I am running? Maybe its because of TVersity, which was recently installed? Anyways I just installed the newest version of BSplayer and it is still happening.
Here is the crash report;

BSplayer v2.21.950, Unhandled exception at EIP: 01D636FE
If you click 'Close' application will be terminated.
Please report this info to the author with description what were you doing.
If you have internet connection, it's recommended to send error report, this will help us solve problems faster.
Access violation at address 01D636FE in module 'dsp_sps.dll'. Read of address 00000000
EAccessViolation
Call stack: 00000000,01D636FE,0040496B,005AFC00,005B0D65,005B2 F26,005B58F3,0057EBBD,00579AC1,00473BA0,00476AEB,0 0476768,00428444,0049398B,005D5EB9

I am just trying to play video files, and it crashes everytime on many different files.

Do I need to replace dsp_sps.dll?

Hope you can help.
Thanks