Use a FFmpeg converting and playback tool to convert MPEG-2 stream (Blu-Ray) (*.m2ts) to H.261 video format (*.h261):
Open command line and type:
ffmpeg -i /path/to/your/file.m2ts -vcodec copy -acodec copy /path/to/your/newfile.h261
Updated: June 25, 2020
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