Panasonic announced 2 new cameras, the Lumix LX100 and the Lumix GM5.

Panasonic has added a new flagship premium compact camera to its LX range with 4K video and a bright Leica lens.

Key Features: Legendary LUMIX LX Series with manual controls -- Designed to Inspire Creativity. Superior light capture with large, multi-aspect micro four thirds sensor. 24-75 millimeter Leica DC lens (F1.7-2.8) for a desirable Bokeh defocus effect. Clear and stable framing thanks to eye-level EVF (2,764k-dot). Full hybrid photo experience with 30p 4K Ultra HD video and 4K photo mode. External flash included.

The Panasonic LUMIX LX100 sports a 12.8 MP Four Thirds-size sensor, clearly taking aim at Nikon’s Coolpix A and Ricoh’s GR compacts that use APS-C-sized sensors. While those two have prime lenses, this Lumix includes a 24-75mm (equiv.) f/1.7-2.8 zoom lens. Comprised of 11 elements in 8 groups, including 5 aspheric elements (two of which are also ED), the lens can move 6 of the 8 groups when zooming and focusing. That flexibility, along with a very tight 3 micrometer tolerance for centering those lens elements, lets Panasonic maintain sharpness while shrinking the physical size of the lens. A 2,764,000-dot (equiv) EVF provides eye-level framing, while a 3-inch 921,000-dot LCD is on the camera back.

With F1.7-2.8 brightness, high speed and crisp detail corner to corner, this sophisticated LEICA lens system is the perfect complement to the camera's compact body, and the key to innovative imaging. This precision lens unit consists of 11 elements in eight groups with five aspherical lenses — including two ED lenses.

These lenses, together with a space-saving drive range, work seamlessly with Panasonic's original centering technology to enhance alignment sharpness.

Smooth, Beautiful Defocus Effects: When combined with the large, high-sensitivity MOS Sensor, this lens configuration gives images a shallow depth of field with an impressive defocus effect featuring invisible edge lines and onion rings. And a newly adopted nine-aperture diaphragm helps produce breathtaking bokeh effects with smooth, circular shapes.

Video shooters should appreciate the 4K (3840x2160) 30fps capture, as well as the 1920x1080p 60fps recording. Panasonic also has a new 4K Photo mode that lets you pull 8MP images from 4K video footage in the camera.

In addition to 4K Ultra HD video recording, the LX100 also has the ability to grab 3840 x 2160 MP equivalent stills from 4K video footage to enlarge and print high-definition photos. Once 4K Photo mode is selected, the luminance level is adjusted to 0-255, suitable for photos. At the same time, you can also select 4:3 or 3:3 in addition to 16:9 with the aspect ratio switch.