Every line is 1/3 of a stop. This matches the "ticks" in Shutter and/or Aperture which go in increments of 1/3 stop. The meter goes +/- 3 stops.
FYI, another helpful tool for exposure is setting REC HIGHLIGHT to "On" in the menu so that areas of the image that are clipping will flash. This works even while you are recording video, so it works much like zebras on regular camcorders.
I've found that most film modes on the GH2 will clip 1 and 2/3 stops above middle gray. That's not a whole lot of room in the highlights compared to the big boys like RED, Alexa, and 35mm. But hey, it's fantastic for the price and you work with what it gives you.
FYI, another helpful tool for exposure is setting REC HIGHLIGHT to "On" in the menu so that areas of the image that are clipping will flash. This works even while you are recording video, so it works much like zebras on regular camcorders.
I've found that most film modes on the GH2 will clip 1 and 2/3 stops above middle gray. That's not a whole lot of room in the highlights compared to the big boys like RED, Alexa, and 35mm. But hey, it's fantastic for the price and you work with what it gives you.

