The new Canon Cinema EOS C700 was built for every type of video production, but you’ll need quite the production budget to get your hands on one.

All images via Canon

The Canon EOS C700 (not to be confused with the Canon C700 printer) takes over as the new top-of-the-line video production camera in the Cinema EOS line. That said, it comes with a top-of-the-line price tag — body only starting at $28,000. With this camera, Canon aims to compete with the likes of the Panasonic Varicam LT and the Sony F55. This is certainly one of the most modular cameras Canon has ever put out in the Cinema EOS line.

The Canon C700 comes with either an EF or PL mount. The EF model has a Super 35mm CMOS Sensor. The PL model of the C700 will come with either Super 35mm CMOS sensor or a Global Shutter. In fact, the C700 PL can be sent in to Canon to swap the Super 35mm CMOS sensor for one with global shutter. The ability to turn a C700 PL into a C700 GS PL hints at potential major updates in the future.

The EOS C700 has both internal 4K ProRes and XF-AVC recording. Canon collaborated directly with Codex to create an optional 4K Codex CDX-3150 recorder that can record uncompressed RAW up to 120fps.

The C700 also has an all new EVF with a full 1080p OLED display. There is also a new remote control unit that can be attached to the Assistant Camera side or held at a distance.

The Canon EOS C700 starts at $28,000 for the EF Super 35mm CMOS body. Perhaps the best part of this announcement, the Canon C500 4K got a price drop of $3,000.

Take a look at this promo and some Canon EOS C700 footage in this video from Canon.

B&H got their hands on the new Cinema EOS C700 camera. Here’s their glimpse at the new features.

Canon EOS C700 Specs:

Super 35mm CMOS Sensor (Global Shutter Option Available)

EF and PL Mounts (B4 Mount with Adapter)

Up to 15 Stops of Dynamic Range

Dual Pixel CMOS AF

Internal 4K up to 60 fps, 2K/HD up to 240 fps

Raw Recording up to 120fps with Additional Codex Recorder

XF-AVC and ProRes Recording to CFast 2.0

Proxy Recording to SD Cards

Selectable Gamma and Log Curves

Canon Log, Canon Log 2, and Canon Log 3

The Canon EOS C700 ships in November 2016.

Are you looking to get your hands on the C700? Share your hopes and dreams in the comments below.