NSV (Nullsoft Streaming Video) is an audiovisual container format for streaming video data online. It was created in 2003 by Justin Frankel, while he was still working for Nullsoft. NSV only supports VP3 video codes and MP3 audio, although it was initially designed to stream all audio and video codecs. It is, in fact, the first format to allow users to make and stream live/recorded videos over the internet.
AC3 is an audio format designed by Dolby Digital to offer surround sound listening. This format is available on most Blu-ray and DVD media files and is played using a Dolby Digital DVD Player. Interestingly, AC3 can be output in up to six speakers of a home stereo system. On a computer, AC3 can be opened on VLC Media Player, Apple QuickTime Player, and Windows Media Player.
VLC Media Player Apple QuickTime Player Windows Media Player