From Pavtube Studio:
Don't worry about video playback failure anymore. Pavtube MTS/M2TS converter is right here for you to handle 2D/3D MTS/M2TS/M2T/MOD/TOD/TS files and you'll get common video formats such as AVI/WMV/MP4 for free playback. In addition to AVI/WMV/MP4, Pavtube MTS/M2TS Converter can also output various video formats supported by iDevices, Android and Windows tablets/smartphones (including iPad/iPhone, Google Nexus 7, Kindle Fire HDX, Samsung Galaxy Tab 3/Galaxy Tab S/Galaxy S5, Surface Pro 3 and so on), editing programs (such as Avid Media Composer, Avid Xpress Pro, Adobe Premiere Pro, Adobe After Effects CS6, Adobe Creative Suite 6, Cyberlink PowerDirector, DaVinci Resolve, Magix Movie Edit Pro, Kdenlive, Keynote, Sony Vegas, Windows Movie Maker), game consoles, media players.
What's new in this version:
Version 126.96.36.199 supports encoding to .m3u8.