ffmpeg -i file.mp4
This converts file with new bitrates specified. Also makes it stream optimized.
ffmpeg -i input.mp4 -b:v 287k -b:a 64k -c:v libx264 -movflags +faststart output.mp4
This converts file with new bitrates specified. Also makes it stream optimized.
ffmpeg -i input.mp4 -movflags +faststart -vn -c:a copy output.m4a