You mean convert from managed (in the library) to unmanaged (stored in the finder) media? Just change the storage location in the library properties to be a folder you created somewhere else. Once you’ve changed the storage location, click on consolidate and you’re media will be moved to the.new location. It will have the same folder structure In the finder as it would in the bundle.
Going forward to avoid using the library bundle, when you create a new library, set the storage locations to be a finder folder rather than internal and if you want to organise the media in the finder yourself, when you import, choose ‘leave in place’.
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Jeff Kirkland | Video Producer & Cinematographer
Hobart, Tasmania | Twitter: @jeffkirkland