**Install and then run activation **

That is all you need to do. Works perfectly. I have it running on my WIndows 7 64bit ultimate machine.
Pinnacle Studio™ HD Ultimate Collection v.15 makes it easy to edit like a pro with intuitive new features, ultra-fast performance, and a massive content collection. Quickly import videos and photos—then edit scenes and make HD movies with over 2,200 effects and other content. Place people over virtual backgrounds using the built-in chroma-key effect and 5’ x 6’ green screen. Add interest with sophisticated animated titles, and produce your soundtrack with immersive Dolby Digital 5.1 surround. Then export your projects to popular formats—or burn to DVD or Blu-ray—and share them with the world. The unique new Archive and Restore tool conveniently preserves your work.

* Quickly import photos and video
* Easily drag and drop videos, photos, titles, effects, and music
* Automatically create music to fit the length of your movie
* Choose from over 2,000 2D/3D effects, transitions, and other content—including professional Red Giant plug-in package
* Place people over virtual backgrounds using the built-in chroma-key effect and 5’ x 6’ green screen
* Preview in real time using the player window or full-screen mode
* Create an immersive experience with Dolby Digital® 5.1 sound
* Export to popular formats or burn to DVD or Blu-ray discs

Included Content Collection
Professional Red Giant Plug-in Package

* With the Red Giant plug-in package, you can enhance your productions with the same visual effects used in blockbuster Hollywood movies: Knoll Light Factory: Light and lens flares from master effects guru John Knoll (visual effects supervisor; Star Wars, Pirates of the Caribbean, Avatar)
* ToonIt: Turn video into animation
* Trapcode Shine: Light ray effects
* Particular: 3D smoke, explosion, and rain effects
* Magic Bullet Looks: Change the look and mood of your movie
* Trapcode 3D Stroke: Animation and 3D effects