Red reveals its most affordable 4K camera, the $5,950 Raven

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Red, the company best known for professional cameras used on films like The Hobbit, has just launched a camera for producers with more modest budgets. Called Raven, it can produce 4,096 x 2,160 4k RAW video at up to 120 fps, and 2,048 x 1,080 ProRes at 60 fps max. Red has priced it at $5,950 for the body only, though you'll likely need to spend $10,000 or more before you can shoot anything. You'll get the same Red Dragon sensor that's on the company's $29,000 Epic, albeit a smaller version that's between APS-C and Micro Four Thirds sizes.

It also weighs a relatively lightweight 3.5 pounds, making it hoist-able on a decent sized drone. In fact, Red is offering a $9,750 "Jetpack" package that will work for handheld shooting, gimbals and drones, along with a $9,950 package for documentary, TV and online producers. As for when it's coming, pre-orders have started, and shipping is scheduled for February 2016. That's only an estimate, however, and Red has been known to slip on those dates.