yes
You can try:Audacity- A Free Audio Editor.http://audacity.sourceforge.net/Acid Express- Another Free Audio Editor but also can be used to create your own music using the loops the website provides.http://www.acidplanet.com/downloads/xpress/Hope you like them
WMA - Windows Media Audio
You can use a video editing software or online tool to trim the audio from a YouTube video and create shorter clips for your own videos.
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To create an audio react effect in After Effects, you can use the "Audio Spectrum" effect. First, import your audio file into After Effects. Then, create a new solid layer and apply the Audio Spectrum effect to it. Adjust the settings to customize the visual representation of the audio. Finally, link the effect to your audio file to make it react to the sound.