M2TS (MPEG-2 Transport Stream) is a Blu-ray BDAV container format that uses MPEG-2 transport stream and comes with a .m2ts filename extension. It can manipulate audio, video, and other metadata such as disc menu and subtitles. At a bare minimum, any Blu-ray player should play M2TS files easily.
F4V is a filename extension for Flash Video (FLV) container format. It supports H.264 (MPEG-4 AVC) video codec compression standard, which is known to offer significant compression. FLV videos come in multiple formats apart from F4V, including F4P, F4A, and F4B. Also, it opens on Adobe Flash Player 6 or later and Windows Media Player.
Windows Media Player Adobe Flash Player 6 or later Media Monkey