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Owners of the Sony ZV-E10 II will be delighted as Sony just announced, that it will be giving a free update, enabling high frame recording features in this camera. The Sony ZV-E10 II had, like most other cameras in the same category, 4K 60p (with a crop) and HD 120p high frame rates, but now it will be able to do 4K 120p and HD 240p (S&F) with the latest license upgrade.
Compared to the competition
This gives this entry level APSC camera an edge over the competition as none of the other competitors, Canon R50V, Fuji X-M5 or Nikon Z50 II, are able to provide such a high framerate recording mode. Only the Fuji X-M5 is able to do HD 240p high speed recording mode, with a 1.29x crop factor, but does not have 4K 120p. Both the Canon R50V and Nikon Z50 II can only do 4K 60p (with a 1.5x crop) and HD 120p.
How to get the new update
Getting the new high frame update on your Sony ZV-E10 II is easy you just have to download the new license, yes it comes in the form of a license, which you can get by logging on to your Sony Cloud Creators Membership or you can just download it without signing in here.

Follow the instructions and you should have these new features ready to use in your camera.

How will the competition react to this update?
This practical update, which is highly unusual in the Sony space, tells us that Sony wants to position the ZV-E10 II in the top of the entry level APSC cameras, giving it a competitive edge over the competition. It also gives us insight how camera companies selectively disable certain features in their lower tier cameras to boost the sales of higher tier cameras; the camera was able to do 120/240 recording since the get go, but they intentionally “cripple hammered” it.

Will we see a similar response from the competition? I highly doubt it but it would be great to see other brands implementing such free upgrades in their entry level cameras.
It does make the Sony ZV-E10 II more relevant and future proof, as all future APSC cameras, that will have to at least match these specs, as well as putting pressure on the upcoming entry level full frame cameras (such as the rumored Canon R8V).
All in all, this is a great update and sets a new standard for all camera companies – kudos to Sony.