Amazon Working On DVR For The Streaming Era

Amazon is reportedly working on a TiVo-like DVR for live TV

The device would include physical storage, have the ability to record live TV and connect to Amazon's own Fire TV streaming boxes, the report said, citing an anonymous person familiar with the plans. That stick provides basic functionality and access to Amazon smart TV services to any display with an HDMI port.

The online retailer is developing a new digital video recorder, nicknamed "Frank" within Amazon, according to a report Friday from Bloomberg.

TiVo shares fell as much as 10 per cent in afternoon trading in NY.

Fire TV devices now are capable of streaming live video from a selection of content providers, such as HBO and Showtime, but the devices can't store video locally. This would work in accord with the Fire TV live streaming content channel as well, most likely.

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"Frank" is the latest in a string of connected Amazon devices aimed at the home. The Amazon Fire TV Stick utilizes wireless internet to connect to Amazon services and apps which connect to 3rd-party streaming platforms.

Both Home and Echo are continually listening for commands, though Google and Amazon say nothing gets passed back to them until the speakers hear a keyword - "OK, Google" for Home and "Alexa" for Echo. Right now, Amazon sells Fire TV sets built by Toshiba Corp. and Westinghouse, and is seeking more manufacturing partners to better compete with Roku Inc., which features its software in many TV models.

Neither Roku nor Amazon's Fire line of streaming-media hardware and software record and store video. There is no release date for the device yet, with Bloomberg noting that the company may still decide not to release the product at all.

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