Husah

  As far as I know, Red and Sony have never been involved in  litigation/negotiation  until this year 2013 after RED  (not Sony) sued F55, F5 and F65 for using compressed RAW. Sony counter sued in response claiming three patent violation.    Big sensor video revolution happened as a natural followup to the use of CMOS sensors in DSLRs and simply advances in producing faster and cheaper electronics that can process that data and record it to faster cards.. This would have happened regardless even if no such company called Red existed.    These advances will continue until in few years even cell phones would do 4K video. When that happens some people are going to say, look we will never have 4K on cellphones without Red, but of course that would be nonsense..It would be simply a result of cheaper and faster electronics and cheaper and faster with larger capacities flash memory cards, regardless if Red existed or not. 

  Red has absolutely nothing to do with cheap cameras with big sensor. Red One (fully working with all accessories) was over $20,000 back in 2008/9 when Canon and Nikon were releasing consumer $800 DSLRs (like Rebel) that could do video too. This just happened as natural progression of still DSLRs and as a result of CMOS sensors. Since these still cameras could do "liveview" it naturally followed that still camera companies could record that liveview stream on  a flash card and get marketing line, "look you can buy this DSLR" at Walmart that does video too.    We are talking real cheap consumer line here .. moms with DSLRs that can shoot videos too.    This has absolutely nothing to do with Red at all which (though cheaper than very expensive film cameras) was still pretty much niche product for professionals and rental companies. 

  Large sensor cheap cameras has nothing to do with either Red  (expensive) or Bklackmaji (late to the party). This revolution comes from still camera world, specifically DSLRs. There is no reason to show respect to  for profit "companies" 

http://image-sensors-world.blogspot.com/2013/06/panasonic-restructuring.html  

convergent design will show footage at Cine Gear Expo (May 31st to June 1) with upgraded FS700    So far this is known about the upgrade   Hardware/Firmware upgrade will cost $300   The camera's 3GSDI output will remain 8-bit 1080p only with other third-party recorders that can't process Sony RAW   Sony has licensed RAW to convergent design.    With odyssey7q there would be    2K RAW (12-bit)  up to 240 fps 4K uncompressed video (10 or 12 bit) 10-bit 1080p 60 fps  recording (using 2K raw stream as source).    (plus other options not yet disclosed)  

  I seriously doubt that 8-bit FS700 has 13 to 14 DR. It's not mathematically possible. However, once FS700 is updated to RAW in July, the DR would be close to 14 stops -- and I am sure it would be higher than 5D III which (at best) has 11.7 stops according to dxomark 

There is nothing wrong with H.264. It's 8-bit that limits the DR. XAVC is also H.264  based codec but uses 10-bit   

Dxomark is the most credible RAW sensor data on the planet. According to dxomark, Canon 5D Mark III has only 11.7 stops of DR in still mode at ISO 100. I am not sure how much line skining happens in video mode, but I am sure some of it does happen. That implies dynamic range far lower than 11.7 for video. What that means is that you really don't need 14-bit RAW with 5D Mark III. Even 10-bit would be enough to capture all usable data that that sensor can capture. It's no Alexa

Canon sensor even in RAW Still mode only has 11.7 EV of dynamic range at only ISO 100 (it's less at higher ISOs)., http://www.dxomark.com/index.php/Cameras/Camera-Sensor-Database/Canon/EOS-5D-Mark-III 11.7 is the best case in still mode. In video mode even in RAW it's most likely going to be lower than 11.7 Black Magic Cinerama camera will easily beat it ...

[media]https://vimeo.com/65343068#[/media]

    http://nofilmschool.com/2013/04/aaton-financial-trouble-red-dragon-update/     Unfortunately, mass production has been hampered by defects controller Dalsa sensor, then the uneven performance of the sensors themselves, the quality was not up to the prototypes. Unable to deliver the ordered and already made many cameras, Aaton found itself short of cash and had to resort to bankruptcy proceedings to allow its purchase by a buyer.

Sony released  the cameras one year earlier before they were fully functional. Maybe that's why the name, "Future ahead of schedule" Basically, they are releasing firmwares almost twice every month to fix bugs and add features. Not even all of the hard buttons work right now.    But it was clever move to release the camera right away. They could have waited till 2014 but then they would have lost one year head start to competition.  Another plus is that they can use all the feedback while they still have a full development team working on the firmware.   http://community.sony.com/t5/F5-F55/F5-and-F55-Challenges-from-ICE-Team/m-p/122669   Aside from higher resolution sensor, Red doesn't compete with F55 (dual recording, better ergonomics, global shutter, better internal compressed codecs, full-sensor 2K, 1080 etc., etc. It's a very long list ).    F55 doesn't have any competition actually. It easily beats Red and C500 on paper at least.    Alexa and F65, on other hand, are much larger and more expensive cameras targeted at high budget  Hollywood studios.    It's weird Shane Hurlbut would pick C500 over F55 for "Need for Speed" but he probably had his mind set on using Canon cameras

https://vimeo.com/63752741

By the way, the RAW coming out of FS700 is 16-bit linear. That's higher than C500/Alexa RAW 16-bit RAW is similar to F5/F55/F65 RAW

The problem with DPX file would be that file sizes would be huge (just like Canon RAW). Sony RAW is compressed. That's a big advantage, and the reason Red is suing Sony. That's also probably the reason why Sony can do 60 fps (and 120 fps for 4 sec) in RAW and Odyssey7Q can only do 30 fps in 4K. However, if Odyssey7Q could do DPX, other third-party recorder will be able to do the same, or probably even better. The sensor in FS700 is capable of spewing 120 fps 4K RAW. It's up to the third-party makers to capture that data in a recorder and save it in more desirable format (like compressed RAW, or even XAVC with far more manageable file sizes). Wait a couple of months and I think there would be far more (probably even better) third-party options for FS700. There is another advantage to waiting a couple of months: You can possibly (and most likely) buy FS700 with 4K firmware already installed on it.