It might be a little bit down the track, with a release date of January 2020, bnut this is indeed interesting news.
Canon Australia has announced today the launch of a new addition to the Cinema EOS System of professional digital cinematography products with the introduction of the EOS C500 Mark II, which features a 5.9K full-frame sensor and a newly developed image-processing platform. Employing a modular design that allows users to freely customise the camera to meet their shooting needs, the camera features exceptional expandability to facilitate a wide range of video content productions, from movies and TV dramas, which demand high-quality video, to news and documentaries, where mobility is particularly important.
Equipped with a 5.9K full-frame sensor that realises a dynamic range of up to 15+ stops, the EOS C500 Mark II makes possible high-quality image capture, even in environments with drastic differences in light and dark values, while also achieving a compact, lightweight body design. Furthermore, equipped with the newly developed DIGIC DV 7 high-speed image-processing platform, the camera makes possible 5.9K/60p, 4K/60p and 2K/120p recording.
Employing Cinema RAW Light, a video format that allows for reduced file sizes while retaining video information, the EOS C500 Mark II makes possible the internal recording of RAW data without the use of an external recorder. The camera also supports XF-AVC, a video format that efficiently records compressed video data. Video can be recorded to CFexpress Type B cards and UHS-II SD cards, a first for Canon cinema cameras and video camcorders. Additionally, the camera supports the HDR standards HLG (Hybrid Log-Gamma), which is suitable for broadcast and live streaming, and PQ (Perceptual Quantization), which is suitable for movie production and distribution online.
Paul Stewart, Senior Manager – Canon Professional Business, Canon Australia commented:
Our next-generation Cinema EOS System camera, the C500 Mark II offers cinematographers endless possibilities in visual expression through the use of a full-frame CMOS sensor and a new image processing platform. In addition, the modular design offers outstanding flexibility for various applications, such as single-operator style, multi-camera production, gimbal shooting to full-scale cinema camera operation. The enhanced expandability options allow the user the freedom to evolve the camera to support a wide variety of production challenges.
Users can change the lens mount of the EOS C500 Mark II from an EF mount to an EF Cinema lock mount or PL mount by themselves using a mount kit (sold separately) to match their shooting environment. What’s more, with the attachment of an extension unit (sold separately), the camera can support a variety of different shooting styles, including shooting with multiple cameras and drone shooting, which requires remote control.
The EOS C500 Mark II will be on sale from January 2020 with pricing set at dealer discretion.
 Dynamic range is measured in units called stops. With the increase of one stop, the luminance range that can be captured during shooting is doubled. The maximum number of stops available differs depending on recording mode.
 Cinema RAW Light recording only possible with CFexpress Type B cards.