TiVo to debut new DVR device

September 7, 2011 2:17:29 PM PDT
The company that pioneered the DVR is coming out with a new set top box.

The TiVo Premiere Elite will be released later this year. TiVo says it records up to four shows at once and it stores up to 300 hours of programming.

Since 2007, TiVo's subscriber list has been cut in half to just under 2 million customers.

The company hopes to revive sales with the upgraded $500 DVR.