DTS (Digital Theater Systems) is a standard home theater audio format developed in 1993 to compete with Dolby Digital. If used in your home theater system, it provides surround sound for 5.1, 6.1, and 7.1 setups. Compared to Dolby Digital, DTS uses higher bitrate, thereby offering superior sound quality.
Apple iTunes VLC Media Player File Viewer Plus Media Player Classic
FLAC (Free Lossless Audio Codec) is a free lossless digital audio format developed by Xiph.Org. A compressed FLAC file can be reduced by between 50-70% of the original size and decompress back to the original sound data. This file format supports metadata like ID3 tags, cover art, and album title.