Windows 7 - Microsoft-Windows-WMPNSS-Service-error 14324

please assist

i am getting errors from this service

see below: and see attached

Log Name: System
Source: Microsoft-Windows-WMPNSS-Service
Date: 1/29/2010 5:02:21 PM
Event ID: 14324
Task Category: None
Level: Error
Keywords: Classic
User: N/A
Computer: FrancisTedes-PC
Description:
The description for Event ID 14324 from source Microsoft-Windows-WMPNSS-Service cannot be found. Either the component that raises this event is not installed on your local computer or the installation is corrupted. You can install or repair the component on the local computer.
If the event originated on another computer, the display information had to be saved with the event.
The following information was included with the event:
WMPNetworkSvc
0x80004002
Event Xml:
<Event xmlns="http://schemas.microsoft.com/win/2004/08/events/event">
<System>
<Provider Name="Microsoft-Windows-WMPNSS-Service" Guid="{6A2DC7C1-930A-4FB5-BB44-80B30AEBED6C}" EventSourceName="WMPNetworkSvc" />
<EventID Qualifiers="49165">14324</EventID>
<Version>0</Version>
<Level>2</Level>
<Task>0</Task>
<Opcode>0</Opcode>
<Keywords>0x80000000000000</Keywords>
<TimeCreated SystemTime="2010-01-29T22:02:21.000000000Z" />
<EventRecordID>183855</EventRecordID>
<Correlation />
<Execution ProcessID="0" ThreadID="0" />
<Channel>System</Channel>
<Computer>FrancisTedes-PC</Computer>
<Security />
</System>
<EventData>
<Data Name="ServiceName">WMPNetworkSvc</Data>
<Data Name="ErrorCode">0x80004002</Data>
</EventData>
</Event>