It's not that simple.
Windows won't let you format a partition (or drive) over 32GB in FAT32 (microsoft wrote a limitation into windows to try and force everyone to use NTFS. Which, as you've just discovered, doesn't work with other devices) if you know anyone with a linux computer you could ask them to format it (or see if you can format it using the media player)
otherwise have a look here, there are a couple of suggestions for formatting over 32GB, i'd go for the dos one first.