If you're looking for a way to rip footage from discs clients insist on handing you, you may want to have a look at MakeMKV. MakeMKV basically rips DVDs, Blu-Ray into .mkv files and also streams them to many players. It's free while it's in beta.
Another converter to check out is the FREE tsMuxeR. SmartLabs tsMuxeR – the software utility to create TS and M2TS files for IP broadcasting as well as for viewing at hardware video players (i.e., Dune HD Ultra, Sony Playstation3 and others).