https://bugs.winehq.org/show_bug.cgi?id=39664
--- Comment #1 from Nikolay Sivov bunglehead@gmail.com --- Compressonator installs fine and I'm able to start it with 1.8-rc1, using this installer:
--- 5e52b6c2d8f17ffd3f9e511abff0e9bc60264096 Compressonator.2008-12-18-v1.50.17311.msi ---
Will try AMD Compress too in a moment, but there's a good chance you just need to upgrade your Wine from very old 1.6.2.