Cannot resolve old react version

I have an old react template which I want to update. I get this error:

npm update                   
npm ERR! code ERESOLVE
npm ERR! ERESOLVE unable to resolve dependency tree
npm ERR!
npm ERR! While resolving: [email protected]
npm ERR! Found: [email protected]
npm ERR! node_modules/react
npm ERR!   react@"^18.2.0" from the root project
npm ERR!
npm ERR! Could not resolve dependency:
npm ERR! peer react@"^16.2.0 || ^17.0.0" from [email protected]
npm ERR! node_modules/react-modal-video
npm ERR!   react-modal-video@"^1.2.9" from the root project
npm ERR!
npm ERR! Fix the upstream dependency conflict, or retry
npm ERR! this command with --force or --legacy-peer-deps
npm ERR! to accept an incorrect (and potentially broken) dependency resolution.
npm ERR!
npm ERR!
npm ERR! For a full report see:

Do you know how I can fix this?