Some of the recent WIndows updates did some interesting things to compatibility, and you may also have to set the game to run in Windows XP SP2 compatibility mode.
If you have an NVidia graphics card and GeForce Experience installed, watch out for that - the recent updates seem to be plainly butchering compatibility with games/applications. A person that I work with on a few projects had to rollback the driver because the GPU ceased projecting to external monitors after an update and GMS games would similarly just black screen when in full-screen mode.