The best replacement for mp2 is mp4.

The best alternatives to mp2 are rated as following:
★★★★★  mp4
★★★★  ac3
★★  pcm
★  dft
★  maximo
★  b3lyp
★  ac3 dvd
★  aac
  ac3 format
  mp2
  mp1

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Google Trends

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mp2
mp4
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