Media Library 'Folders' or 'groups'

Hi there, would it be at all possible to have 'folders' of some kind in the media Library? We have many media items, e.g. worship videos, loops, presentations, Christmas worship videos, teaching/event videos. It would be great if, rather than everything being all together in the library there was a option to sort/file them into 'folders' - drag and drop maybe - then you could access a particular group of media files easier, with one click. It may not be possible, but if it was it would be great and make things a whole lot easier. For example I have just had to delete all our Christmas worship videos off, so I can scroll and find our ordinary ones easier, there is just too many media items and I cant find a way to 'file' them - I will just have to import the Christmas ones again near Christmas.

Ooops ! Sorry! Forgot to say - please give this your consideration, Thank you!

I DO APOLOGISE! - I have just found a 'folder' section! As long as I 'tag' my media to what I want to group my items to it works fine - I just deleted the tags that were not relevant to us and it narrowed the amount of folders to something more manageable - BRILLIANT! Job done.