I've been using a 4tb external SSD for all of my FCP X projects and I'm left with around 250gb of space. Is there a way to compress / .zip a Library within the drive to free up space and not lose anything or the quality?
MacBook Pro with Retina display, OS X El Capitan (10.11.2)
You are misunderstanding.
Generated files can be safely deleted and, depending on your usage of transcoded media, you may gain a LOT of space.
Generated files include optimized media, proxy media and render files.
They can always be REgenerated should the need arise.
Select a library in the browser, do File->Delete Generated Library Files and check all boxes. Watch the drive space miracle happen.
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Compress/Backup a Library
