Update: I finally figured out how to get down to where I can submit a support ticket with Chessbase. We shall see if they are able to give me any insight into what is going wrong.
Fritz 20 Problem with Analysis
Problem solved. Update 5 of Fritz 20 broke this feature. If I deinstall the program and let it install version 4, then finding novelties and inserting the games works.
I then verified this was the problem by installing update 5 again. It broke.
I then deinstalled and reinstalled again to version 4 and it works again.
Note: It was not enough to revert back to the previous version. I actually had to deinstall the software.
I lost more time than I care to think about tracking this down. But I really wanted this capability.
This might not be relevant in your case, but in earlier versions of Fritz (such as Fritz 6 or Fritz Grandmaster Challenge), there is a setting in the Openings tab of the selected database that says "Install Big Key." I selected this option to enable the references function to work for full analysis on Fritz Grandmaster Challenge disc versions with Fritz 6.
(I know these versions are quite old, but to keep them up to date, I installed the Stockfish engine and use the Lichess Elite database to create a new opening book and reference database).


I used to use Fritz 16 for analysis. When doing so, you selected a reference database for openings and it would find novelties, plus put games into the analysis that were the more usual continuations. I found this quite valuable.
In Fritz 20 that option appears to still exist. You still can select a reference database. However when I actually do the analysis it never finds those novelties, and never adds in games as variations. In fact I doesn't appear that the opening reference checkmark does anything whatsoever, and I have tried with reference databases that do work in Fritz 16. I have also tried with the database 2025 that came with Fritz 20.
Does this actually work for anyone? Either positive or negative responses are useful to me.
If you did get it to work, what if anything did you do to get this working?
Thanks!