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I know that .mts video files use MPEG-4 video compression. But why then don't they just have the .mp4 file name extension? Since they don't, this means they are not digitally nor conceptually equivalent, given that one is just an advanced version of the other ("Advanced Video Coding High Definition (AVCHD) format" if that means anything), so what really is the difference between .mts and .mp4?

And what does it mean for editing .mts files in a video editor? Is there some sort of advantage to cutting and adding effects to them compared to .mp4

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