Our one source at Canon confirms that the Canon C700X is absolutely not true. Ignore this rumor.
Andrew Reid from EOSHD has compared the video footage from the previously $15,000 Canon C300 to the video footage from the $1,500 Samsung NX1 mirrorless hybrid camera. The Canon C300 has useful features that the Samsung NX1 doesn’t have so it’s not an apples to apples comparison, but the 4k video quality from the Samsung NX1 is impressive.
The results speak for themselves:
You can read Andrew’s full post here.