I'm on board with getting 1tb to store my photos in the cloud. I'm quite excited about that. However, Apple seems to be making clear these last few years that iPhoto, nee Photos library, is for Photos + Videos. While iMovie is really just for the "projects." I have a lot of home movies, both from the iPhone and from a dedicated video camera, most of them scattered clips in iMovie events named something like "New Event 7-1-12." I'm wondering if it makes sense to move all of them into the iPhoto library so they can make the transition to Photos once iOS 8/Yosemite come out? Are any of you planning on managing your libraries as such? My only worry is that I may have to compress my movies (while retaining the originals) more. Some of these are SD videos taking up 1gb for a 5 minute video. I'm wondering if they should be converted, and what the best way to do that would be?