This manual approach gives you the most control over the balance between clarity and file size.
If you prefer streaming over downloading, several official apps have "Data Saver" modes that can keep a full movie's usage under or near 500MB.
A decade ago, downloading a movie under 500MB usually meant sacrificing heavily on quality. Viewers had to tolerate pixelated screens, muffled audio, and distracting visual artifacts. Today, advancements in video encoding software have changed the game completely.
If you watch free, indie, or public-domain movies on YouTube, using the mobile app’s "Download" feature at 360p or 480p consumes very little data and fits perfectly within low-storage thresholds.
Look for anthologies of Oscar-nominated animated or live-action short films. At 15-30 minutes each, you can fit a dozen of them into 500MB.
If you are submitting a research paper or technical work related to film or computer graphics, the 500MB limit often applies to supplemental materials rather than the paper itself. SIGGRAPH Asia
ffmpeg -i input.mp4 -c:v libx265 -crf 26 -c:a aac -b:a 96k output_hevc.mp4
Finding a full-length feature film that fits within 500MB used to mean sacrificing all visual quality. However, thanks to advancements in video encoding technology, it is now possible to watch movies that are perfectly watchable—and often quite good—at this file size.