Canon is back – camera giant confirms major launch as new EOS R1 and EOS R5 II rumors swirl

The launch date for a Canon event next to the Canon EOS R1 camera on a black background
(Image credit: Canon)

  • Canon has announced the date for its first major launch event of 2024
  • The event takes place on July 17 at 6am ET / 11am BST / 8pm AEST
  • New Canon EOS R1 and EOS R5 II rumors suggest they'll get full launches

It's been a tumbleweed year for Canon so far, but the camera giant has finally announced its first launch event of 2024 – and thanks to some new rumors, we now know that it's likely to be for the Canon EOS R1 and Canon EOS R5 II.

A launch event for July 17, which kicks off at 6am ET / 11am BST / 8pm AEST, has been announced with a YouTube placeholder for the livestream. The only clues for the 'Canon Live Event' are that it's for the EOS R system, which is Canon's mirrorless mount for full-frame and APS-C cameras.

Fortunately, we have some credible rumors to fill in the gaps, with some new ones hinting at the possible specs for the flagship Canon EOS R1 and the promising EOS R5 II. Canon made an EOS R1 development announcement R1 back in May, but didn't reveal any specs other than its new Digic Accelerator processor.

Some subsequent EOS R1 rumors predicted that it would have a 24MP full-frame sensor, with Quad Pixel autofocus and a next-gen Eye Control AF system. But now a new possibility thrown up by a Canon Rumors post is that the flagship could debut a DGO (dual gain output) sensor for improved dynamic range.

Canon EOS R1: rumored specs

Canon EOS R1 camera body no lens attached on a dark background

(Image credit: Canon)

24MP full-frame sensor
Quad Pixel Autofocus
Eye Control AF II
Dual CFexpress Type B slots
DGO (dual gain output) sensor

A DGO sensor works by combining different pixel amplification levels to give you a wider dynamic range. We've seen a similar idea in video cameras such as the Panasonic Lumix GH7's Dynamic Range Boost mode and Canon's own EOS cinema cameras, but it's less common on stills cameras – so it'd be an interesting feature, if the rumors are true.  

Still, the more realistic camera for most of us, price-wise, is the Canon EOS R5 Mark II, and a separate Canon Rumors post has revealed some "unconfirmed" new specs and features for that camera. These include new "firsts" for Canon's AF algorithms (which will also likely appear on the EOS R1), an LCD screen with twice the resolution of the EOS R5 (which was 2.1-million dots) and blackout-free continuous shooting.

Some other rumored features include "some" illumination for the buttons, a superior pixel-shift mode for high-resolution images, a full-size HDMI port and a slightly improved battery performance. Those join the existing rumored specs of a 45MP BSI stacked full-frame sensor, speedy burst shooting (12fps with the mechanical shutter, or 30fps with the electronic shutter) and an 8K/60p video mode.

It's possible than some of these won't be correct, but all will officially be revealed in just under a week on July 17…

A big moment for Canon fans

Canon Live Event - YouTube Canon Live Event - YouTube
Watch On

It isn't clear why Canon hasn't announced any new cameras since the underwhelming Canon EOS R100 back in May 2023, but one thing's for sure – Canon needs a couple of big hits to keep its fans happy in the face of impressive releases from Sony and Nikon.

Even for those who (understandably) don't plan to buy a Canon EOS R1 or EOS R5 Mark II, the event is a big deal, because it'll hopefully dispel the growing suspicion that Canon is resting on its laurels and falling behind in mirrorless camera tech.

Canon EOS R5 Mark II: rumored specs

Canon EOS R5

(Image credit: Canon)

45MP stacked full-frame sensor
12fps burst shooting (mechanical shutter)
30fps burst shooting (electronic shutter)
Eye Control AF
8K/60p video mode
Full-size HDMI port

Canon doesn't have a true flagship camera to rival the Sony A1 or Nikon Z9, and the Canon EOS R5 launched way back in July 2020. A four-year gap between cameras is now considered very long, so the EOS R5's successor needs some major upgrades – and the rumors suggest it will get those.

Outside the lack of new cameras, Canon has also come under fire for keeping its RF mount closed to third-party manufacturers such as Sigma, Viltrox and Tamron. It finally changed that earlier this year by allowing Sigma and Tamron to make lenses for its mirrorless mount, but only for crop-sensor (APS-C) cameras like the Canon EOS R10.

That's good news if you're an amateur or landscape shooter who prefers crop-sensor cameras, but there's no news on third-party lenses for Canon's full-frame models – and it'll be interesting to see if Canon addresses that at its launch event. The rumors suggest not, but at least we're going to get new Canon cameras for the first time in 2024.

You might also like...

Mark Wilson
Senior news editor

Mark is TechRadar's Senior news editor. Having worked in tech journalism for a ludicrous 17 years, Mark is now attempting to break the world record for the number of camera bags hoarded by one person. He was previously Cameras Editor at both TechRadar and Trusted Reviews, Acting editor on Stuff.tv, as well as Features editor and Reviews editor on Stuff magazine. As a freelancer, he's contributed to titles including The Sunday Times, FourFourTwo and Arena. And in a former life, he also won The Daily Telegraph's Young Sportswriter of the Year. But that was before he discovered the strange joys of getting up at 4am for a photo shoot in London's Square Mile. 

Read more
Sony, Canon, Nikon, GoPro, Fujifilm, Ricoh and Pentax cameras in two rows on a blue and pink background with radar graphic
The 12 most exciting cameras of 2025, from the iPhone 17 to the Sony A7 V
Canon compact cameras tipped for a big return with rumored Powershot V1 – and I think that's Canon's most exciting play for 2025
The Fujifilm X-E4 camera sitting outside on a bag
The rumored Fujifilm X-E5 is the camera I'm most excited about in 2025 – here's why
Canon EOS R5 Mark II on a red background
The best Canon camera for 2025: Canon's finest DSLR, mirrorless and compact cameras
Canon EOS R1 mirrorless camera with red brick background
Canon EOS R1 review: a five star high-speed powerhouse for pros, with a sky-high price
Photo triptych from left to right: the Canon EOS R5 Mark II in the hand, closeup of the Pentax 17 lens, the Fujifilm X100VI in Tokyo street held up to photographer's eye
My 7 favorite camera moments in 2024 – from innovative in-camera AI editing to film making a comeback
Latest in Cameras
Sigma BF silver camera in the hand at The Photography Show, UK
I tried the Sigma BF camera everyone is talking about – it's truly stunning, but has one fundamental flaw
Nikon Z5 mirrorless camera on green background with lowest price text overlay
These record-low Nikon Z5 prices suggest the cheap full-frame camera’s Z5 II upgrade could land soon
Fujfilm GFX 50R
First Fujifilm GFX100RF images leaked in build-up to expected reveal – here’s what they tell us about the unique premium compact camera
The DJI Mavic 3 Pro in flight over some mountains
Upcoming DJI Mavic 4 Pro premium drone could deliver new camera skills and LiDAR – here’s what the latest leaks tell us
Insta360 X4 360 degree camera without lens protector
Leaked DJI Osmo 360 image suggests GoPro and Insta360 should be worried – here's why
Sony FE 16mm F1.8 G lens indoors
Sony’s super wide-angle 16mm F1.8 prime shoots fast and travels light, but relies on distortion correction
Latest in News
Vision Pro Metallica
Apple Vision Pro goes off to never never land with Metallica concert footage
Mufasa is joined by another lion, a monkey and a bird in this promotional image
Mufasa: The Lion King prowls onto Disney+ as it finally gets a streaming release date
An American flag flying outside the US Capitol building against a blue sky
Sean Plankey selected as CISA director by President Trump
An Nvidia GeForce RTX 4060 on a table with its retail packaging
Nvidia RTX 5060 GPU spotted in Acer gaming PC, suggesting rumors of imminent launch are correct – and that it’ll run with only 8GB of video RAM
Indiana Jones talking to a friend in a university setting with a jaunty smile on his face
New leak claims Indiana Jones and the Great Circle PS5 release will come in April
A close up of the limited edition vinyl turntable wrist watch from AndoAndoAndo
This limited-edition timepiece turns the iconic Technics SL-1200 turntable into a watch, and I want one