Have you tried setting the compatibility for the installation file? I'm not totally sure if you can do that for a file on a disc or not, but it's worth a try. Find the file on the disc that is the installation exe. Right click on it and choose Properties. In the Properties window, click on the Compatibility tab. Check the box that says, "Run this program in compatibility mode for:" and choose something like Windows XP in the dropdown box.
Not sure if it will work, but it's worth a try. If it won't let you do it from a read-only disc, then maybe try copying all of the files on the disc to your hard drive, and install it from there after setting the compatibility mode.