I just bought Lords of Magic. After I installed it, I tried to run it. A bing sound comes trough my boxes once and nothing happens...

I run Windows 8 Pro. Graphic drivers up-2-date (NVidia). I put it in Win 95 compatibility mode and tried to run it as admin. I keep having the same problem.

DirectX 9 is installed on my system. Any ideas?

If you've installed DirectX 9 with the web installer, try installing the redistributable version:
http://www.microsoft.com/en-us/download/details.aspx?id=8109

Thx DeMignon, I tried to install the Dx again (using your link). It didn't work... Still the same problem :-s

Hmm, okay. If I've understood right, not even the intro video plays. There's just a "bing" sound, indicating an error and that's it and you've already tried compatibility mode and running as admin.

Have you tried to force 640x480 resolution on the compatibility tab, yet?
(Right-click the game's shortcut=> Properties => Compatibility)

To check if it's an issue playing the intro video you could remove all videos by renaming the \smk folder. If the game doesn't find it, it skips all videos.
e.g. \Lords of Magic Special Edition\smk_BACKUP
If it still isn't running it's probably no video playback problem and you can rename the folder back to its original name.

Maybe it's an DirectDraw issue. For graphics output, the game uses the ddraw.dll that comes with the DirectX9 redistributable you installed before. But we can provide another way for the graphics to be processed. We substitute the original DirectDraw, with the Wine implementation of DirectDraw. This implementation offers the same functionality for the game, but technically doesn't use DirectX but OpenGL.

How-To:
1. Get Wine's ddraw for Windows (version 1.1.37 works, newer versions don't)
Download Wine3d.exe from http://nongnu.mirrors.hostinginnederland.nl/wined3d/1.1.37/
If you feel unsafe downloading .exe files, check it at www.virustotal.com afterwards
2. Open wine3d.exe with the file archiver software 7-Zip
3. Extract libwine.dll, wined3d.dll and ddraw.dll from the folder wined3d.exe\$SYSDIR\
4. Copy these three files into the game's folder (usually \Lords of Magic Special Edition)
5. Try running the game
LoM uses the ddraw.dll in its folder first, before looking for the DirectX version that is installed on your system.
libwine.dll and wined3d.dll are offering the functionality for this ddraw-dummy to work.
If it still doesn't run, also try compatibility modes, 640x480 desktop resolution and Admin rights again (also in different combinations).
To remove the Wine substitution simply delete the three files.

I am having the same problem as well, I just bought it and there is a bing sound. windows 8 edition NVidia 620gt all drivers are updated.....

Same problem on Windows 7 64.

I reported it and they are gonna get back to me soon, I suggest u guys do the same cause of 30 money back guarantee if it don't work.....

I put lomse and the lords of magic shortcut into compatibility mode and made it launch using windows vista at forced lowest resolution. Runs just fine for me...

Here is a solution GOG support gave me:
Just change name of DPStub.exe in game's folder.

Nothing what detailed in this topic works with Windows 10. I cant make Lords of Magic run :/