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iMovie library is a collection of one or more events. An event is a grouping of footage based on the date and time the clips were recorded. You have only one iMovie library but you can create additional library files in different locations on your internal hard disk or on different hard disks. iMovie allows you to access and work on any library at any time. To create a new library, open "iMovie" on your Mac. Choose "File" tab and select "Open Library" option and then click "New". A "Save" window opens up. Type a name for the new library and navigate to the location where you want to save it. By default, your library will save in the Movies Flder in your home folder. Click "Save" button. This is how you can create a new iMovie library in the location you choose and a new empty event with today's date.