render video stuck at initializing. AGAIN

PS 24.7.0

When I try to render a video, I get an "initializing video" progress which takes about 30 seconds and then gets stuck at the end (> minutes, then I quit)

I've had this in some other versions, seems the same bug is back again.

PS 2022 (23.5.5) renders the same .psd without any issues whatsoever. (When I click 'Export > Render Video' the Render Video window pops up instantly)

MacStudio M1 Max, OSX 12.6.8