Static Meshes Disappear with Media Player Asset Applied as Material in Standalone or Packaged Game

Static Meshes with a Media Texture applied will disappear when played in Standalone or in a Packaged Game.

Regression?
Yes, this is not the same behavior in the 4.11 version of the engine.

Note I assigned to the Sequencer team as I saw Max P. is on the team and he handles most of the Media Player issues.

1. Download and Open attached project.
2. PIE and Press the 'P' key.
3. Video plays as expected.
4. Play in Standalone.

Outcome The static mesh disappears.

Expected Works the same as PIE and mesh does not disappear.

Movie materials disappear with 4.12 standalone preview and in packaged project