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To achieve cinematic video footage, this is probably the most important camera setting after the length of your lens and the frame rate.  Without an aperture of f/8 or faster (f/5.6, f/4, f/2.8), your DSLR footage will probably look like it came out of a lesser-grade camcorder because everything will appear to be in focus.

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Manual exposure will keep your footage brightness from changing as you move the camera and will allow you to precisely control how bright or dark you want to show what’s in front of your lens.

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Data Rate: Automatic

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Key Frames: Automatic

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Frame Reordering: Unchecked

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Resolution: 1280 x 720 and Frame Rate: 10-15 (preferred)

Resolution & Frame Rate: This is vitally important when shooting with multiple cameras each camera needs to have the exact same resolution and frame rate.  Making footage settings match each other will make it so much easier to edit.

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Aspect Ratio: 16:9

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Compression Type: H.264 (with an AAC or MP3 audio codec)

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Quality Settings: Use high resolution 720p or HD settings