M2V is a video category file format, also called MPEG-2 Video. It supports video with a tighter time constraint and interlaced display. The encoded speed at which data is transmitted may be of the order of 40 Mbps (for storage and transmission). It may be higher for professional use in video production. Large frame sizes do not support HD resolution. MPEG-2 format is compatible with MPEG-1. The MPEG-2 format is used mainly for the consumer level of video broadcasting - for example, DVB. And for storage - for example, DVD. But they are also used for professional applications. Say for storing video in a studio. Files with the extension .m2v are necessary if you are preparing a video for burning to DVD using specialized programs. There will be no sound in such a file. This encoding method also involves the .m2a file, where the sound is stored. Then this pair of files (.m2v and .m2a) will be sent to the authoring program line. The program will output them without recoding in the program stream (MPEG 2 PS). There is one caveat. When the weight of these files is 4.3 GB or more, then you need to transcode this file and reduce the bitrate. So when you create * .m2v, you must first select the correct bitrate.
ALAC is the format of a small specialized program called an audio codec. Its main task is to compress a file with digital music without losing its quality. The name of the format created by Apple's IT giant is Apple's abbreviation Lossless Audio Codec. This format may also be called ALE (from Apple Lossless Encoder). Files in this format can play devices even with limited computing resources - such as an iPod. When compressing a file in this format, it is approximately 40-60% of the original file. Now almost every multimedia player based on the libavcodec library is able to play ALAC format files.