Why it’s easy to explain: transfer multiple media on the same bitstream. Consider DVB (digital television): each transponder (= frequency) provides one bit stream. But for a television channel, you already need at least two streams: audio and video. And then it’s much more that you will never see the meta information. Therefore, instead of transferring each of these streams at a separate frequency, they are multiplexed into one bit stream. This is MPEG-TS (transport stream). Then the demultiplexer takes this stream and splits it into sub-streams that carry real information.
Thanks to this, a typical DVB-T transponder in Europe can carry four television channels (called a bouquet). The quantity may vary, this is the decision of the flow supplier (a compromise between higher quality = less channels = more expensive or less quality = more channels = cheaper, I think).
Regarding the playback of the audio stream: a television channel can have several audio streams (for example, ordinary sound, audio with descriptions for people with visual impairments, another language, etc.). By default, the player is likely to play the first audio stream, but can switch audio streams at any time.
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