Yes :-) The shell is expanding the wildcard to the set of files matching the wild-card expression, in your example the MOV files in the current directory. But six other kinds of expansion must be considered before this happens.
'Expansion' is described in a detailed way in the manual man bash
.
EXPANSION
Expansion is performed on the command line after it has been split
into words. There are seven kinds of expansion performed: brace
expansion, tilde expansion, parameter and variable expansion, command
substitution, arithmetic expansion, word splitting, and pathname
expansion.
...
Pathname Expansion
After word splitting, unless the -f option has been set, bash scans each word for the characters *, ?, and [. If one of these
characters appears, then the word is regarded as a pattern, and replaced with an alphabetically sorted list of filenames matching the pattern (see
Pattern Matching below). If no matching filenames are found, and the shell option nullglob is not enabled, the word is left unchanged.