Canon has announced an updated version of its EOS R50 with improved video capabilities, a smaller body, and a cheaper price tag — thanks in part to losing an electronic viewfinder. The original, which launched in 2023, was an entry-level mirrorless camera with 4K video capabilities that maxed out at 30fps. The new EOS R50 V bumps that to 4K at 60fps and borrows some features from the video-focused PowerShot V1 point-and-shoot Canon announced in February.

The Canon EOS R50 V will be available sometime in April at $649.99 (the original debuted at $680) for the camera body alone. It will also be sold in an $849.99 bundle that includes Canon’s new RF-S14-30mm F4-6.3 lens featuring optical image stabilization and powered zoom capabilities controlled by a ring instead of a button or a lever. Canon says the use of a ring makes it easier to smoothly control the lens’s zoom, whether using the camera in portrait or landscape modes or while shooting selfie videos.

The camera features the same 24.2-megapixel APS-C CMOS sensor as the original EOS R50 and uses Canon’s Dual Pixel AF II system with focus breathing compensation that can also be found on the EOS R6 Mark II and the PowerShot V1. New video recording modes include options for slow or fast shutters depending on the type of action being captured. There’s also a video mode with electronic stabilization to smooth out footage captured while the camera is moving, but there’s still no in-body image stabilization.

Where the EOS R50 V differs from its predecessor is a complete lack of a built-in flash and no electronic viewfinder. Framing shots is all done either on an external screen or using the three-inch articulated touchscreen on the back of the camera. The EOS R50 V is also much easier to use in either vertical or landscape modes thanks to a redesigned grip, an additional tripod screw mount on the side of the camera, and a second video record button on the front.

Four different livestreaming modes are supported, accessible through a dedicated button, including HDMI and support for Canon’s Camera Connect and Switcher Mobile apps. Although the EOS R50 V may seem like an affordable cinema camera solution for filmmakers, its somewhat limited capabilities make it better suited for video content creators looking for an upgrade to the PowerShot V1 that will let them swap lenses.

Alongside today’s EOS R50 V news, Canon has also announced global availability for the PowerShot V1. The point-and-shoot was initially announced in February 2025 with a late April launch for a limited number of countries including Japan, Korea, China, Hong Kong, and Taiwan. Canon says that same shipping timeline will now include the US, with the camera priced at $899.99.