How to export and compress a video on imovie

I have a video that is 285MB and I need to it be 50MB is this an impossible task or is there a way of doing this? Please help as the video can be no bigger than 50MB and I would still like it to be a good quality! The version of imovie I'm working with is 10.0.5.

I have a video that is 285MB and I need to it be 50MB is this an impossible task or is there a way of doing this? Please help as the video can be no bigger than 50MB and I would still like it to be a good quality! The version of imovie I'm working with is 10.0.5.

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