I had a similar problem with a Panasonic DVD player. It needed a new laser lens. Have it checked out at an authorized service center. Good luck.
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You might want to try playing CD's without the remote. It may be that you have a defective remote. When you put the CD in the player, sometimes, the 05 does not automatically play the disc, rather simply spin the CD, read it, and then officially "recognize" the disc as a CD. Do not use the remote--simply press play from the unit's faceplate. Check the remote by using fresh batteries. I hope this helps.