Error: iTunes cannot open library because it was created by a newer version

alas, I just updated to iTunes 8 and it is giving me this message! I really want to listen to music right now!

I tried your suggestion and it worked fine except when I open the iTunes window, it doesn't allow me to drop the iTunes Library. I tried dropping it in the open area, over Music, Over Library etc. without any success. The circle with the line through it does not change to an arrow which indicates okay to drop.
What led to this error is this: My car has Text To Speech (TTS) recognition built into the music system. After plugging in my iPod, the system can speak back to me various options from the iPod such as playlists, albums, artists, genres. Only problem was that it doesn't support iTunes version greater than 7.
So I deleted version 8.0 and reinstalled 7.02
After following your directions I am now able to open the iTunes Window which I could not do before. The Music Library which was moved to a different directory according to your directions, does not drop anywhere in the iTunes window.
Am I missing something? Hope you can help.

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Tell us some version numbers please, of your Mac OS versions and iTunes versions on both computers (two eMacs yes?).
dlrobinson49 wrote:
I guess I must have had a newer version ofiTunes on my defunt eMac....
That is a pretty good guess.Try updating the second eMac's iTunes to at least the version that was on the first.

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Hey bristanley!
Here is an article that deals with this error message:
OS X Lion: iTunes opens to "created by a newer version" alert
http://support.apple.com/kb/TS3918
Take care, and thanks for visiting the Apple Support Communities.
Cheers,
Braden

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i cannot access itunes cause it says it was created by a newer version of itunes but i cant update itunes cause i dont know how to get my administrator's username or password

Never mind sorted it out lol. Somebody did a system restore of a week or so. I had done the update during that time and it was lost. Just redownloaded itunes from the internet and its working fine now.

Keep getting 'The file iTunes library cannot be read because it was created by a newer version of iTunes'

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1. delete and replace the shortcut.
2. open one of your particular songs and itunes will open
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iTunes 11.1.4 for Windows: Unable to install or open
http://support.apple.com/kb/TS5376
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My iTunes won't open and I am getting message "the file iTunes library .itl"cannot be read because it was created by a newer version of iTunes. Anyone have a suggestion?

I don't know why this error occurs, unless you have attempted to downgrade iTunes.
This method should get you up and running again.
Empty/corrupt library after upgrade/crash
Hopefully it's not been too long since you last upgraded iTunes, in fact if you get an empty/incomplete library immediately after upgrading then with the following steps you shouldn't lose a thing or need to do any further housekeeping. In the Previous iTunes Libraries folder should be a number of dated iTunes Library files. Take the most recent of these and copy it into the iTunes folder. Rename iTunes Library.itl as iTunes Library (Corrupt).itl and then rename the restored file as iTunes Library.itl. Start iTunes. Should all be good, bar any recent additions to or deletions from your library.
See iTunes Folder Watch for a tool to catch up with any changes since the backup file was created.
When you get it all working make a backup!
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Error: iTunes cannot open library because it was created by a newer version

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