Philips DVP 4050 Showing Wrong Region Error

Philips DVD Player: DVP 4050 showing Wrong Region Code

For some strange reasons Philips devides the world into a number of regions and wants to prevent people of a particular region from one region viewing DVD's from another region! So you land up, as I did, with a brand new DVD player and a DVD which refuses to budge : -(
Finding help was very difficult and so with help of Internet I did manage to crack it.

This is how you change it yourself for Philips DVP 4050 Player only! Setting the Region Code to 0, makes it region free.

Put the power on.
Open lid and keep it open.
Press "Setup" in your remote.
Scroll to "Preference" using the LEFT/RIGHT arrow key
Press "138931" and a pop-up screen will appear.
Use the UP/DOWN arrow key to choose the desired number ("0" for region free).

Done! Now you can watch any DVD from around the world!!