Can an old Time Capsule be used as Hard Drive for media files so I can get a new TC for backup?

As I have gotten into editing and archiving family video, I have filled up my iMac's memory and my Time Capsule is also full. Can I "empty" the backup data from my original TC and direct my iTunes media to be stored there and then buy a new TC with more memory to resume by backups?

If I do this, will all my media still be "visible" to AppleTV so I can still access it via AppleTV and be able to stream it to my entertainment system?

If so, how do I remove all the backup data from the original TC?

QA Apple Time Capsule

QA Apple Time Capsule

Product No Longer Available

No Answers have been submitted