Replaced SD card with another and it worked. Strange since they are both brand new and the other was working until the update. Maybe it corrupted the card in the process of updating. Next time I'll remove the media before a firmware update.
Last night I updated the firmware. Now recording doesn't work at all. When I press the record button, it doesn't register anything. If I double press the record button it does take a screenshot.
I have tried taking out the SD card and rebooting and replacing the card. Still does not work.