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.
OGV is a digital video container format related to the encoding technology of the OGG Vorbis video. It can save multiple related video stream codecs like the DivX and Theora. It is these codecs that allow OGV files to open on varying media players.
MPLayer Classic VLC Media Player Jriver Media Center MPUI