I think it may be related to the graphics system? I have the same problem on this machine with both Mojave and Catalina:
iMac (27-inch, Late 2013), 3,5 GHz Quad-Core Intel Core i7, 32 GB RAM, NVIDIA GeForce GTX 775M 2 GB
Tried to reinstall Imovie, tried new library, tried library with only one project, tried deleting prefs etc. No difference.
Tried the same library with only one project on this with Mojave: Macbook Air (13-inch, Mid 2012), 2 GHz Intel Core i7, 8 GB, Intel Graphics 4000. No problem!
Apple support in Denmark? Not really...