Comment by netaustin

Lots of the comments here get at the reason, which is import taxes, but there's confusion about the impact of it on the high-end camera market. Most professional setups that use "still" cameras are running them into a video mixer (like Blackmagic ATEM) which connects to a computer. You can record directly onto disk and stream live at the same time using free software like OBS. The camera just sits with its shutter open but doesn't record anything, thus there's no time limit. The Sony A7 series is quite popular for this application. What I'm describing is kind of the tip of the iceberg in terms of video capture complexity.