Color Distortion with videos.

I’m having extreme color distortion in quite a few mpeg files I view on my computer. Here’s a picture. I’m guessing I need a codec. Where would I get such a codec?

NOW:
http://img.photobucket.com/albums/v119/CantStopSkating/colordistortion.jpg
What it should look like:
http://img.photobucket.com/albums/v119/CantStopSkating/colorfixed.png

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