Pro Video formats v2.0.6 won't install

"Pro Video Formats can't be installed on this disk. No qualifying copies of Final Cut Pro, Motion or Compressor were found".

But the machine has a licensed copy of FC7 and Compressor 3.5 on the machine, both listed as what this update was intended for..

This Pro Video Formats update is for:

● Final Cut Pro 7.0 or later

● Compressor 3.5 or later

● Motion 4.0 or later

So my question is, why won't it recognize my software and how do I get it to fix the problem?