Canon are rumored to be working on a new codec for the 5D Mark III based on the MPEG format. It is the DSLR version of the codec used in the XF305. It will feature a 4-2-2 colour space and a variable bit rate, up to 50mbit. The move is necessary to avoid paying AVCHD / H.264 licensing fees to Panasonic and Sony.
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It’s been a long time coming but this year Canon will release the product which will finally move DSLR video forward after a long period of relative stagnation, the 5D Mark 3. Here are 10 reasons to look forward to it.