Converting .m2ts videos to .m1v format.
Converting Blu-ray BDAV Video Files directly to MPEG-1 Video Files (.m2ts to .m1v conversion) is certainly possible, and should be quite straightforward.
You can use one of several video editing programs or conversion tools, such as Adobe Premiere Pro or Freemake Video Converter, which are capable of converting .m2ts to .m1v.
Multimedia encoding application from Adobe
A timeline-based video editing software from Adobe
One of the most popular and successful free video conversion softwares