Ubuntu :: Bash Script To Recurse Directories And Exec Ffmpeg Using Find (possibly)?

I wrote a script that easily runs it in the same directory as it was run below: #for f in *.MTS do ffmpeg -i "$f" -acodec copy -vcodec libx264 -threads 2 -deinterlace -vpre slow -b 20000k -bt 3000k -refs 4 "${f%.MTS}.mp4" ; #done

I want to be able to use the find command so it will recurse through all the videos in my videos folder. Is there a painless way to do this. Here is the start of my find command but it doesn't work. Any help appreciated:

find . -name "*.MTS" -exec ffmpeg -i 'basename{}' -acodec copy -vcodec libx264 -threads 2 -deinterlace -vpre slow -b 20000k -bt 3000k -refs 4 'basename{%.MTS}.mp4'