I installed Mountain Lion V 10.8.2(4+). Message says: The 3ivx codec for QuickTime installed on your Mac was put in folder: Incompatible Software. How can I make this compatible? Thanks.

I installed Mountain Lion V 10.8.2(4+). Message says

Incompatible software on your computer was moved to a folder named "Incompatible Software" on your startup disk:

3ivx: The 3ivx codec for QuickTime installed on your Mac is incompatible with this version of OS X. This codec was installed by my Flip Video software I believe. Can I make QuickTime codec compatible? (I would like to be able to use my Flip Video movie of my dad's 85th birthday party.)

Thank you.