AVPlayerViewController not working on iOS17

Question

My app shows a video using an AVPlayerViewController and it runs with no issues on iOS 16. I tried to run it on iOS 17 but it's not working.

When instantiating the VC with

let playerVC = AVPlayerViewController()

I am getting the error: -AVSystemController- +[AVSystemController sharedInstance]: Failed to allocate AVSystemController, numberOfAttempts=1

And when setting

playerVC.player = AVPlayer(url: URL(string: "myVideoURL")!)

I am getting this error: <<<< Async >>>> playerasync_runAsynchronousCommandOnQueue: Command 26 returned -12,784; this async error will be discarded

So far I couldn't find any reported issue with iOS 17 and AVKit.