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

Amazon Fire TV

Amazon is reportedly working on a recording device that would mesh with its Fire TV service

The online retailer is developing a new digital video recorder, nicknamed "Frank" within Amazon, according to a report Friday from Bloomberg. But the device will also store data locally, something the Fire TV boxes haven't done, which could be a selling point in itself. It didn't respond immediately to a request for comment from Fortune. The Frank DVR is said to use the same wireless technology that connects Echo speakers to Fire TV boxes. This device would be at the center of a new service slightly different from that of the devices offered by TiVo and Dish.

Users will be able to record live TV and stream the video to a smartphone or TV so it can be watched later. As for Fire TV devices, the brand new Fire TV Cube is $30 off and the Fire TV with 4K is a whopping $30 off from $70.

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Amazon is reportedly working on a recording device that would mesh with its Fire TV service. Rumors suggest that the DVR is now being developed at Amazon's Lab 126 R&D center, and we'll probably see a whole lot more, soon.

Amazon hasn't decided yet whether to release the DVR. The report also claims that the company will come out with new software for its Fire TV stick and is trying to get more TV makers to build Fire TV into their screens. Currently, Toshiba and Westinghouse make televisions that run Fire TV. The device purportedly works around cable providers and will challenge TiVo.

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