So I updated the itunes and now it won't open it, it states a message "the itunes library.itl" cannot be open because it was created by a newer version of itunes, I have unistalled and re-installed newer and older version and still i get this message.

I updated and now i can't use the itunes. I have unistalled several times, installing newer and older versions but still i get this message. Is there anything i can do to fix this problem??

Try the following user tip with that one:
Empty/corrupt iTunes library after upgrade/crash

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