The new feature can help TiVo boxes compete against generic recorders provided by cable and satellite television operators, which are often distributed for free with a cable TV subscription and have dual tuners.
Analysts have questioned TiVo's ability to grow subscribers and revenues as the company has struggled to sign distribution agreements with more cable companies.
TiVo said its new digital video recorder will be available starting May 1 and priced at $99.99 for 80 hours of recorded programs, after rebate and service activation.
In the coming months, TiVo said it will introduce features that allow users to program their box to record TV shows directly from some Verizon (VZ) cell phones.
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