System environment:Windows, Windows media player
Error message:Windows Media Player cannot play the file because there are no streaming protocols selected. Select one or more protocols, and then try again.
Solution:Open Windows Media Player, on top menu (press alt to show), go to tools > network. Check RTSP/UDP, RTSP/TCP and HTTP for protocols for MMS URLs.
Restart windows media player.

If this not work, check firewall:
Go to Start > Settings > Control Panel > Windows Security Center > Manage Security Settings for > Windows Firewall, choose disable.