I have a fairly new iMac wI now have iMovie events and Final Cut pro events that are duplicates.  Does that mean that all my video is copied onto my hard dive twice?

If I have video in imovie and final cut pro X, does that mean there are two copies of the video, one for each piece of SW?  If so, how do I get rid of the imovie events and keep only the Final Cut Pro X events (video)?  I don't want multiple copies of the same video stored on the hard drive.

If you import to FCP directly from the Camera or from a camera archive, you would likely import choosing Optimized Files which would go to a FCP event that is in ProRes 422 codec. This would be in addition to your iMovie Event which would import using the Apple Intermediate Codec. So you would have two copies of the same information. An AIC copy and a larger ProRes copy.
However, if you use FILE/IMPORT/iMOVIE EVENT LIBRARY, FCP will not duplicate the event files from iMovie. It will treat them as referenced files, and will point to the iMovie Event files in the reference. So there is no duplication. You will be editing Apple Intermediate Codec files in FCP.
However, FCP will create Event folders. In addition to the reference information, these will contain thumbnail files that are compatible with FCP, stabilization and analysis files that are compatible with FCP, as well as any intermediate render files that are associated with the Event.
So in this case, there is no duplication of the large event files, but there is some duplication of the small thumbnail files.
I have several terabytes of iMovie Events, which are now all available in FCP. Believe me, I would know if they were duplicated because all my disks would be full.

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