An anonymous reader quotes a report from Bloomberg: Amazon is developing a new device that records live TV, working around cable providers and encroaching on TiVo's market, according to a person familiar with the plans. 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. 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'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.Read more of this story at Slashdot. Click here to read full news..