Since all my movies has got a subtitles - you quess that it working for me. It's true that I convert all to the MicroDVD format, but like I say, it does work
There is only one thing - when the time in microDVD subtitles start with -50 frame or something crazy like this (anything bellow zero), then BSplayer refuse to play, and just show black window - no movie or sound :P
But this is not a bsplayer fault - this is just faulty subtitle :lol:
Your problem, however, looks like you misconfigured your BSPlayer and it trying to use some font, not installed in your system or something like that.
Try either edit your options, or back them up, delete them in the BSplayer directory and try setup it from scratch again
Then it will work, I promise :P