We don't use MOV files, but yours still seems large.
Our video sizes are for a 16 minute video in mp4 format, wmv files are slightly smaller are:
1920x1080 = 732mb
1280x720 = 333mb
I use a formula to figure out the bitrate for each video size. I try to get the formula to get near 0.095 for the best viewing.
For example, the 1920 video
(Pixel height * Pixel width * Frame Rate * 0.095) = Bit Rate for video
(1920 * 1080 * 29.97 * 0.095) = 5903850.24
Then divide by 1000 to get the final bit rate in Kbps. = 5904Kbps to encode that size video.
Jimmy





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