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.
VOB (Video Object) is a digital video container format usually found in DVD video media. VOB contains DVD video, audio, menu, and text data such as subtitles all multiplexed together. It typically includes MPEG-1 Part 2 or MPEG-2 Part 2 video codec encoded with AAC audio. Although this format is free, some copies might be encrypted.
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