compressing mpeg2

[cakes]

I am using GBPVR in combination with an MVP and use it mainly for recording tv shows for later viewing. I delete most of the recordings after viewing, but some I keep and these recordings I would like to compress. I could use an mpeg4 format, but playback of these are not really optimal for viewing on the mvp, because the transcoding limits forwarding.

Is there a way to compress the mpeg2 recording into a format that is more mvp friendly?

[groover km]

Or without spending cash, you could either:

1) Reduce the recording quality within GBPVR to a lower bitrate.

or

2) Re-encode to MPEG-1.

Both this actions will give you a smaller filesize (although not comparable to MPEG-4 / DivX) with the trade off being in quality.