DVD's are almost always encoded with a Mpeg2 video stream that sometimes tops out at 10Mbps w/ anything from Mpeg Audio to Dolby/DTS 5.1/6.1 in 48/96 khz 16/24 bit audio streams. Anything that can decode these combos will play the VTS files even if the extensions are changed.
At this point in time many FHD/UHD T.V.s will decode this. The tricky part can be the audio out/stream. Some T.V.'s/devices will give a straight SPDIF out while many will demux(even on SPDIF) to a basic LPCM 2.0 or Dolby 5.1. Playing this stuff back on a PC/IOS/Android is easy but other devices sometimes take more tricks.