"I downloaded the elephants dream movie to test the quality of my t.v. and the PS3 but the PS3 can't recognize the file. From the research I'v done, it appears that MP42 is version 2 of the MP4 codec. Is there an easy way to convert it to MP4 or any other PS3 formats without much loss of quality?"
The following will show you the easiest way to convert MP42 encoded movies to MPEG-4/H.264 MP4 video format so that you can watch them on PS3 with excellent video quality. And the MP42 video conversion tool named Foxreal Video Converter (for Mac) can fast convert MP42 to MPEG-4 or H.264 in MP4 format supported by PS3. Only three clicks are needed.
Now, follow the step-by-step guide here:
Step 1: Run Foxreal Video Converter as the best MP42 to MP4 Converter for PS3 on your computer, and then add your MP42 encoded movie files into it.
Step 2: Choose MPEG-4 or H.264 MP4 video format for PS3 by clicking on "Format < PSP/PS3" where you could easily select your wanted MP4 format with the specified video resolution.
Step 3: Start MP42 to H.264/MPEG4 MP4 conversion by clicking on "Convert" on the fast MP42 to PS3 Converter's main interface.
After getting the converted .mp4 files, you could watch them on your TV via PS3. If you have a ton of MP42 movies, the software can help you convert them in batch in a short time. Even you could convert them into a large one for playing without interruptions.
That's all! Hopefully the converting MP42 to MPEG-4/H.264 MP4 guide will bring you a wonderful experience of enjoy MP42 movies on all your MP4 players.