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James Cameron picks up 50 RED EPIC-Ms, high-fives Peter Jackson

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Looks like another director's been on a shopping spree lately, as RED's Jim Jannard's just announced that he sold another 50 EPIC-Ms to one generous customer. Who's this, you ask? Why, it's James Cameron of Avatar and Titanic fame, and he's probably just blown $2.9 million on his latest stash of cinematographic toys -- it's $58,000 a pop for these hand-machined professional cameras. Details are scarce at the moment, but any educated guess would point at the upcoming Avatar 2 due end of 2014, meaning our favorite blue aliens will be returning in a healthy 5K resolution. Keep an eye out for Jannard's official announcement later this week for the full lowdown.

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