Urgent: MpMoviePlayerController not playing the video after latest Xamarin.IOS update

Hi All,
The following code in Xamarin IOS was working fine prior to the Xamarin IOS update to v2.0.50727

This is the code in a custom renderer in a Xamarin Forms app

     class WatchVideoRenderer : PageRenderer
    {
        MPMoviePlayerController moviePlayer;

        protected override void OnElementChanged(VisualElementChangedEventArgs e)
        {
            base.OnElementChanged(e);

            var url =  new NSUrl("http://192.168.12.4:8085/MediaUploads/1/211/520140731170618/DPM202.mp4");
            moviePlayer = new MPMoviePlayerController();
            moviePlayer.ContentUrl = url;
            moviePlayer.View.Frame = new CGRect((float)((NativeView.Bounds.Width - 600) / 2), (float)((NativeView.Bounds.Height - 450) / 2), 600, 400);

            MPMoviePlayerController.Notifications.ObserveLoadStateDidChange(OnLoadStateChanged);
            MPMoviePlayerController.Notifications.ObservePlaybackDidFinish(OnPlaybackComplete);

            View.AddSubview(moviePlayer.View);

            moviePlayer.PrepareToPlay();
            moviePlayer.ShouldAutoplay = true;
            moviePlayer.Play();
        }

        private void OnLoadStateChanged(object sender, NSNotificationEventArgs e)
        {
            if (moviePlayer.LoadState == MPMovieLoadState.Playable)
            {

            }
        }

        private void OnPlaybackComplete(object sender, MPMoviePlayerFinishedEventArgs e)
        {

        }
    }

As i said this was working till day before yesterday, after which I installed 2 updates on Xamarin.IOS & this is now failing. All i see is a black canvas & the video never loads.
No notifications from the MPMoviePlayerController are ever raised.
There is a release of this app scheduled for next week & this last minute bug is causing me headaches. Any help is really appreciated.

Thanks
Supreet