@ECHO OFF
SETLOCAL
FOR /f "delims=" %%m IN ('dir /b *.m3u') DO (
FOR /f "usebackqdelims=" %%a IN ("%%m") DO ECHO %%~sa
)>%%~nmshort.m3u
GOTO :EOF
Each existing playlist will be converted to samenameshort.mp3
- provided the file mentioned in the list exists.