TiVo debuts new digital video recorder for cord cutters

Now there's a special TiVo digital video recorder just for cord-cutters.

The new TiVo Roamio OTA (over-the-air) DVR records up to four local TV broadcasts at the same time. The $49.99 DVR, which will be rolling out in select Best Buy stores in mid-September, stores 75 hours of HD programming.

Already-available TiVo DVRs can record from an antenna and a pay TV service, but those start at $199.99. This new DVR is TiVo's lowest-priced product ever.

For now, TiVo plans to make the new OTA DVR available on a limited basis in select markets. The TiVo service, which provides a customizable program guide and incorporates services such as Netflix, requires a one-year commitment at $14.99 per month.

That service includes mobile apps that let you stream recordings within and outside your home when you add the TiVo Stream device (sold separately, $129.99).

The new Roamio "makes sure that (cord cutters) too can get a best in class DVR experience through an antenna, including our world renowned interface and industry defining recording capability at our most affordable price point ever," said TiVo chief marketing officer Ira Bahr in a statement.

Follow Mike Snider on Twitter: @MikeSnider