iMovie and iPhoto crash on launch

Hi,

This is my first post so bear with me as I am a bit of a mac newbie.

Firstly I am working on a Macbook 13", Late 2008, 2GHz Intel Core 2 Duo with 2GB ram. Running Mountain Lion 10.8.2. iMovie 9.0.8 and iPhoto 9.4.2

The issue that I am experiencing is that when I try to open iMovie or iPhoto they both crash on launch.

This is a fresh install of everything from a network build.

I have been searching forums trying to find a solution for the past 2 days , hope someone can help!!!!!

Below is the start of the crash report if this helps:

Process: iPhoto [250]
Path: /Applications/iPhoto.app/Contents/MacOS/iPhoto
Identifier: com.apple.iPhoto
Version: 9.4.2 (9.4.2)
Build Info: iPhotoProject-710042000000000~2
App Item ID: 408981381
App External ID: 11723545
Code Type: X86 (Native)
Parent Process: launchd [163]
User ID: 501

Date/Time: 2013-02-14 10:47:35.694 +0000
OS Version: Mac OS X 10.8.2 (12C60)
Report Version: 10

Interval Since Last Report: 116 sec
Crashes Since Last Report: 1
Per-App Interval Since Last Report: 38 sec
Per-App Crashes Since Last Report: 1
Anonymous UUID: B9DA1791-2B69-D48A-D3DA-C864F0A0B29E

Crashed Thread: 0 Dispatch queue: com.apple.main-thread

Exception Type: EXC_BAD_ACCESS (SIGSEGV)
Exception Codes: EXC_I386_GPFLT

Thread 0 Crashed:: Dispatch queue: com.apple.main-thread
0 com.apple.QuickTimeComponents.component 0x940684b4 0x93997000 + 7148724
1 com.apple.CoreServices.CarbonCore 0x96515b48 CallComponentDispatch + 29
2 com.apple.CoreServices.CarbonCore 0x965a8ad7 CallComponentOpen + 43
3 com.apple.CoreServices.CarbonCore 0x965156b5 OpenAComponent + 443
4 com.apple.CoreServices.CarbonCore 0x965154f2 OpenComponent + 24
5 com.apple.QuickTime 0x98be95f0 NewTimeBase_priv + 189
6 com.apple.QuickTime 0x98be94ff QTGetWallClockTimeBase_priv + 55
7 com.apple.QuickTime 0x98be94a8 AssureThreadTopLevelIdleManagerExists + 28
8 com.apple.QuickTime 0x98be93f9 QTGetTimeUntilNextTask_priv + 75
9 com.apple.QuickTime 0x98be93a5 QTGetTimeUntilNextTask + 29
10 com.apple.QTKit 0x990c27eb +[QTMovie_QuickTime idleAllMovies:] + 455
11 com.apple.Foundation 0x992547d4 __NSFireTimer + 117
12 com.apple.CoreFoundation 0x9954c9b6 __CFRUNLOOP_IS_CALLING_OUT_TO_A_TIMER_CALLBACK_FUNCTION__ + 22
13 com.apple.CoreFoundation 0x9954c355 __CFRunLoopDoTimer + 709
14 com.apple.CoreFoundation 0x99531162 __CFRunLoopRun + 1730
15 com.apple.CoreFoundation 0x9953063a CFRunLoopRunSpecific + 378
16 com.apple.CoreFoundation 0x995304ab CFRunLoopRunInMode + 123
17 com.apple.HIToolbox 0x9519415a RunCurrentEventLoopInMode + 242
18 com.apple.HIToolbox 0x95193df5 ReceiveNextEventCommon + 162
19 com.apple.HIToolbox 0x95193d44 BlockUntilNextEventMatchingListInMode + 88
20 com.apple.AppKit 0x90736a3a _DPSNextEvent + 724
21 com.apple.AppKit 0x9073626c -[NSApplication nextEventMatchingMask:untilDate:inMode:dequeue:] + 119
22 com.apple.AppKit 0x9072c6cc -[NSApplication run] + 855
23 com.apple.AppKit 0x906cf6f6 NSApplicationMain + 1053
24 com.apple.iPhoto 0x00107c99 0xf8000 + 64665
25 com.apple.iPhoto 0x001072e5 0xf8000 + 62181