A family of Microsoft presentation graphics products that offer tools for creating presentations and adding graphic effects like multimedia objects and special effects with text.
Microsoft introduced a kill bit to prevent the Web Brower object being inserted because they consider scriptable ActivX objects to be a security risk.. Live Web depends on this.
You can reset the kill bit but you would need to be very sure you know how to modify the registry
The page here explains but note you need to change 15.0 to 16.0 in 2016
You might also want to contact Shyam Pillai the author of Live Web