Ask HN: Is the EULA on my new $30k RED cinema camera legal?
AFAIK these EULAs are legal. In reality, RED isn't exfiltrating their customers' video (the files are enormous so people would notice) and they would go out of business if they did. Probably every product has some objectionable clause in their EULA which no one reads, so you're better off not reading it and moving on with your life. If you want to be a freedom fighter, go work for the EFF; if you want to make video, make video.