MCC is a hex dump that most players, and people, cannot read. SCC is what broadcasters, DVD authoring tools and video editors accept as closed captions. MCC is at home in closed captions for broadcast and streaming delivery that carry CEA-708 as well as CEA-608; SCC is the usual choice for closed captions for US and Canadian broadcast, DVD and some streaming deliveries.
The text is read as UTF-8 or UTF-16, whichever the file is. An older file in another code page is read using the charset it declares, or as Windows-1252 if it declares none, so accented letters in an unlabelled legacy file can come out wrong. A file that is not text, such as the picture-based subtitles of a DVD, is refused instead of being converted to nonsense. Of the styling, only italic, bold, underline and the position on screen (top, middle or bottom, left, centre or right) travel between formats; fonts, colours, outlines and effects do not. The CEA-608 caption data inside each packet is read, as for SCC. Captions that exist only as CEA-708 service data are not read. Captions are written as CEA-608 pop-on captions on channel CC1 at 29.97 fps drop-frame: lines are wrapped to 32 characters and at most four rows, characters the standard has no code for become the nearest plain letter or a question mark, and colours are not kept. A caption needs a moment to load, so cues closer together than that are painted on as they are typed or appear a few frames late. Input denser than the channel can carry (a byte pair a frame) loses the captions that could not start within two seconds of their time, and a cue that starts while another is showing cuts that one short.