My current external hdd is formatted as a Media Player (videos/music). If I format it as Extended Storage, will it not be able to play videos/music through the PS4 anymore?

I was looking to have some extra storage and since I'm only using half of my external hdd's space with videos/music (to play on my PS4) I figured I could use that to store a couple games. But I have no idea if formatting it as Extended Storage will remove it's ability to be a Media Player at the same time.

Thanks!