Quick summary

RPCS3 doesn't support or incorrectly supports MP4 format of video codec's used in PlayStation Home.

Details

RPCS3 doesn't correctly display Home's video format. visuals distorted but audio plays fine.
(PS3, display of video in Bowling Alley.)

(RPCS3, display of video in Bowling Alley.)

(Original Video from PlayStation Home content snapshot..)
https://user-images.githubusercontent.com/74638626/162596647-f56fdc1c-d730-406c-9d45-5637caa88e83.MP4

Logs

https://cdn.discordapp.com/attachments/838553670831308820/962539682044997672/RPCS3.log

Specs

Processor Intel(R) Core(TM) i7-7700 CPU @ 3.60GHz 3.60 GHz
Installed RAM 32.0 GB
GPU NVIDIA GeForce RTX 2080 Ti
System type 64-bit operating system, x64-based processor
Edition Windows 10 Home
Version 21H1
OS build 19043.1586
&
Ryzen 5800H
GeForce 3050ti
16GB Ram
Windows 11