Searching for one file among thousands will def. slow you down. Considering they're movies and they're big files it doesn't make a different really because it just means they're bigger it won't take as long to find anything; less to sort through.
None the less, if you aren't going to watch those movies might as well delete them, it would probably make your computer run faster, however much less just because again; less data.
My old laptop had 3GB of free space left in total (both drives) and it was slow as dicks even though most of it was movies/tv shows. Still helps to get rid of it.