Mac OS X:
10.8.5, 10.9.5, 10.10, 10.11, 10.12
Mac Intel / 1GB of RAM / 30MB of Hard Drive Space
Windows 7 (64-bit), Windows 8 (64-bit), Windows 10 (64-bit)
Pentium 4 2.4 GHz or faster (or AMD equivalent) / 1 GB of RAM / 30MB of Hard Drive space
Adobe Premiere CS6, CC, CC 2014, CC 2015, CC 2015.3
Adobe After Effects CS6, CC, CC 2014, CC 2015, CC 2015.3
Apple Final Cut Pro X up to 10.3
Apple Motion 5
Sony Vegas Pro 12, 13
Avid Media Composer 7.0, 8.0, 8.5
Davinci Resolve 11, 12
1GB of dedicated VRAM is required for HD footage, or 2GB of dedicated VRAM for 4k/high resolution footage is needed.
Since Magic Bullet Looks 3 is no longer updated/maintained, if it's running a host or operating system outside of these specifications, the program will not be guaranteed to work as it's technically in an unsupported environment.
See the compatibility page for the latest version of Looks to see what its upgraded version will work with.