Amazon Is Planning Live TV Recorder, Challenging TiVo -- Bloomberg

In other Amazon news, Amazon Is Ready to Take on Apple and Spotify in Streaming Music (Bloomberg)

"The device, dubbed "Frank" inside Amazon, is a new type of digital video recorder for the streaming era. It would include physical storage and connect to Amazon’s existing Fire TV boxes, the living room hub for the company’s online video efforts, according to the person. They asked not to be identified discussing unannounced product details. An Amazon spokeswoman declined to comment.

The Frank DVR has the same wireless technology that Amazon’s Echo speakers use to connect to Fire TV boxes. Users will be able to record live TV and stream the video to a smartphone so it can be watched later. That functionality is similar to offerings from TiVo and Dish Network Corp.’s Slingbox. Amazon hasn’t made a final decision on rolling out the streaming feature, the person said, noting that the plans could either be canceled or delayed.

TiVo shares fell as much as 10 percent in afternoon trading in New York."

Amazon Is Planning Live TV Recorder, Challenging TiVo --  Bloomberg