HELP! "iTunes Library.itl" cannot be read

[safetyobc]

Installed OS X Lion. Tried to open iTunes and I get the following message:

"The files "iTunes Library.itl" cannot be read because it was created by a newer version of iTunes. Would you like to download iTunes now?" 2 Buttons "Quit" and "Download iTunes".

What is causing this and how can I fix it without destroying my iTunes content?

Thank you for any help!

 

[omgitscro]

Were you previously on iTunes 10.5 Beta?

 

[beardboy]

As above.

If you were previously on 10.5 Beta, you'll need to reinstall it over the top and it'll work fine. It will keep all of your content in place also.

 

[And1ss]

I had the same issue. You need to install (re-install) 10.4 and then it works.

 

[Dr Kevorkian94]

i just went to software update and then it downloaded an update and it worked but my iPhone can't sync now.

 

[safetyobc]

Didn't have any beta software. However, I did run software update right before I downloaded and installed Lion. So maybe that didn't jive?

Thanks

 

[jason.siegel]

[nevermind]