Their new body type, DSMC2, includes the WEAPON, SCARLET-W, and RAVEN cameras, all of which share similarities in construction and accessories, and already have support for recording RED RAW and Apple ProRes at the same time. This new firmware update will mirror that support, allowing you to shoot both RAW and one of these compressed Avid codecs simultaneously. 

Here's more from the press release:

Avid DNxHR and Avid DNxHD are renowned for their ability to reduce storage and bandwidth requirements, and Avid DNxHD has been accepted by the Society of Motion Picture and Television Engineers (SMPTE) as the foundation format for the VC-3 standard. Additionally, they offer seamless direct-to-edit experiences for professionals looking to keep the highest image quality possible while leveraging their investment in Avid in-house production systems.

The Avid DNxHR and Avid DNxHD formats will be added to the already impressive recording capability that RED’s DSMC2 cameras currently offer via REDCODE RAW® and Apple ProRes formats. Avid DNxHR and Avid DNxHD support will be made available to all DSMC2 cameras via a free firmware update in mid-2016.

Avid DNxHD has been around for years as one of the standard formats for post-production workflows, but Avid DNxHR is fairly new, and has only recently been supported in certain recorders and post software. Right now, DNxHR is capable of up to DCI 4K 12-bit 4:4:4, but we're not sure which flavors will be available on the cameras. We're also likely going to be limited to 2K or 1080p resolutions in these formats on the SCARLET-W and RAVEN (and WEAPON Magnesium), since only the Carbon Fiber WEAPON cameras can currently record 4K ProRes. 

Either way, if you own or will be purchasing one of these cameras, you'll be getting this free update sometime later this year. 

Source: RED

redRED WEAPONRED SCARLET-WRED RAVEN
Cinematography & Cameras