MP2 is an extension of compressed MPEG Layer II audio files. This type of file is still the standard format for digital television and radio. However, most users prefer the MP3 format. The MP2 file is compatible with most portable audio players. We emphasize that for certain devices it is necessary to convert MP2 files to MP3 format. Note that MP2 files are not identical to MPEG-2 video files. Typically, an MPEG-2 video file is used as an MPG extension. In some cases, MP2 files are called musicam files, which cannot be considered correct. In the 80s of the last century, specialists developed many versions of MP files. It was then that the developers of the International Standardization Organization Moving Picture Experts Group (MPEG) were engaged in new standards for digital encoding of audio and video data. Part of the initial release of the MP1 files were 3 separate layers of the audio file. In the 90s, they developed the MP2 format. To this day, this format is used for digital television and radio broadcasting. Due to its broad support for MPEG-1, MP2 files can be played, saved, converted and edited by a multitude of multimedia players and audio editors on a wide variety of platforms and operating systems.
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.