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I started having that problem several weeks back, plus the opening credits wouldn't display anything before "havok." But then I turned off the new multithreading option for graphics and it fixed the issue.
Before patch it was multithreaded rendering and in steam version steam overlay. Now it's because of DLAA and/or DLSS. Enabling either of options will stop ANY cinematic from playing
Thank you for updating the thread to let us know that using NVIDIA DLSS or DLAA prevents the cinematic from playing. With the issue now resolved, we will be closing the discussion.