jwPlayer not working in IE8

For some reason IE8 is not loading the jwPlayer. The jwPlayer version used is: 6.7. Error: LOG: No suitable players found and fallback enabled

<script type="text/javascript" src="jwplayer/jwplayer.js"></script>
<div id="myElement" style="display:block;width:100%">Loading the player...</div>
<script type="text/javascript">
    jwplayer("myElement").setup({
        width: "640",
                height: "360",      
        file: "/jwplayer/test.mp4",
        image: "/jwplayer/test.jpg"
    });
</script>