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Aukun Video Converter
Free to convert Tivo, AVCHD, TS, M2TS, TOD, MOD and sorts of special formats! Totally support converting DTS HD, Dolby TrueHD audio to AC3, AAC. Also it supports merge into one file and transfer AVCHD videos to iPad, iPhone, iPod Touch 4, Apple TV, HDTV, Galaxy tab, Droid X, HTC Touch, XBMC, Home Theater, etc. It is typically an easy-to-use and intuitive Video Converter.
$35
Aukun MKV Converter
This program also named as the best MKV DTS to AC3 Converter. It is capable of converting MKV to AVI, MOV, WMV, MP4, VOB, MKV, AA3, MP3, and etc for a variety of portable players like TV, HTC Desire, Motorola Droid X, Xoom, and etc. Moreover, you can easily remove DTS audio track and convert OGG audio to AC3, AAC, MP3 with 5.1 channels.
$29