Panasonic had the new anamorphic firmware update running on the GH4 in its booth at NAB 2015. The new firmware will use the entirety of the 4/3″ sensor to produce video at 3328 x 2496 video at 23.98, 24, 25 or 29.97 fps.
The footage will then need to be de-squeezed in post or sent out via HDMI to an external recorder like the Convergent Design Odyssey 7Q+ that can de-squeeze the footage. When sent to an external monitor/recorder, the footage will be scaled down to 2880 x 2160 in order to stay within the 4K vertical height limit for HDMI transmission.
The new firmware with the anamorphic recording will be available later this month as a free update.
Panasonic also showed off a new V-Log recording mode for the GH4, which Panasonic says will provide an additional 2-stops of dynamic range to GH4 footage. However, it will not be a part of the next firmware update and Panasonic gave no time frame on when it would be released.