How to transcode Nikon Coolpix B500 MXF to AIC for iMovie?
Failed to read Nikon Coolpix B500 MXF files in Apple iMovie natively? Converting Nikon Coolpix B500 MXF footage to Apple InterMediate Codec encoded QuickTime MOV format would be a sensible solution. In this tutorial, we guide you through the process of converting Nikon Coolpix B500 MXF files to iMovie editing-friendly AIC .mov format. Just read on to learn the detail.
"iMovie won't import my Nikon Coolpix B500 MXF files after updated to macOS High Sierra. Why did this happen? Is there anything I can do to solve the issue? Any help would be appreciated."
After an update it is a good idea to delete preferences to clear out any possible corrupted preferences caused by the update process. Try opening iMovie while holding down the Option and Command keys, and then selecting to delete preferences in the box that appears. See if that solves it. If not, try converting the Nikon Coolpix B500 MXF files to Apple InterMediate Codec encoded QuickTime MOV format with the following Video Converter for Mac.

Step 2: Select output format for iMovie Click "Profile" to select "iMovie and Final Cut Express" > "Apple InterMediate Codec(AIC) (*.mov)" as output format. AIC .mov is iMovie's favorite editing codec, which iMovie will read and handle well.

Tips: If necessary, you can click "Settings" button to modify video and audio parameters like encoder, resolution, frame rate, bitrate, aspect ratio, sample rate, and audio channels. You can also "enable 3D Settings" to add 3D effect to your source media.

Step 3: Click "Convert" to start Nikon Coolpix B500 MXF video to iMovie conversion. As soon as the conversion is complete, click "Open Folder" to get the generated AIC .mov files for editing in iMovie with optimum performance. Hope it helps.

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