First, this analogy is broken, in that the MPEG LA is not the manufacturer of your camera. Second, you may still use that footage in any commercial manner, roy

First, this analogy is broken, in that the MPEG LA is not the manufacturer of your camera. Second, you may still use that footage in any commercial manner, royality free. At worst, you need to transcode it into any open standard. The footage is always yours, only the encoding might be encumbered.