Hi Guys, Changing to 32Bit is how to fix this problem. Incase you need to know how to do that follow these steps -
Step 1: Quit iTunes
Step 2: Locate iTunes in your Applications folder and right-click it.
Step 3: Select "Get Info" from the context menu.
Step 4: Enable the check box "Open in 32-bit mode"
Step 5: Restart iTunes.
Hope this helps