Handbrake
Install Handbrake – The open source video transcoder
Only use this software if the original MTS-videofiles are too big for your computer to handle in Subtitle Edit.
It is preferrable to first join and convert the MTS-videofiles with Format Factory.
If the file is still too big you may use HandBrake or better: change the settings in Format Factory to a lower quality.
Surf to:
You may lower the MTS video quality to MPEG-4 or even MPEG-2