How do I compress a .mov to edit in iMovie
I want to edit my .mov on iMovie but the program won't import it because it is too large (I think). How can I compress it for editing? I am using a MacBook Pro with 2G free. The numbers are: HDV 1080i Linear PCM 16 bit 2 ch, 48000HZ FPS 29.97, Data 21.39GB, Data Rate 26.53 Mbit/s Current 1,280x720 pixels.
iMovie '08, Mac OS X (10.7.4), I am a neophyte. Need step by step