Please see https://www.reddit.com/r/AMDHelp/comments/19e9aif/relive_recording_not_working/?utm_source=share&utm... for additional information.
Multiple users including myself have reported that ReLive screenshots and video recording do not work in 24.1.1. Reverting to 23.12.1 fixes the problem. For me, this issue started with the beta release 23.40.01.10.
Clean install via DDU or AMD cleanup utility does not help. All of the other recommendations around ReLive troubleshooting including HDCP, etc., do not help either. Only thing that fixes it is going back to 23.12.1.