"We’ve covered Magic Lantern firmware and the new Canon 5D Mark III raw video feature lately. However, one thing we haven’t touched on is how using and installing third-party firmware on your DSLR affects your camera warranty."
"Magic Lantern (ML) is a Canon firmware toolbox specifically aiming for the video segment. It has recently got a huge buzz for enabling a Canon's 5DmkII to shoot 24P RAW video. And while ML is not the oldest of custom firmware, it is definitely one of the more mature ones, with many movie makers using it on production setups. As with CHDK, it usually run from the memory card and does not require a firmware "flush." http://www.diyphotography.net/the-ultimate-custom-firmware-for-any-camera-roundup
Canon
"Basically, to my understanding Canon said that using Magic lantern would not kill the warranty. But if the camera was to be bricked by ML, they would charge for the fix. If the damage is not ML related it would be covered. you can read the correspondence and judge for yourself."
Nikon
"Thank you for contacting Nikon, I'll be more than glad to assist you. Using a firmware version from an unknown source will void your warranty."
read the entire article here: How Does Third-Party Firmware Affect Canon, Nikon and Panasonic Camera Warranties?
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