The Future of DVRs Is in the Cloud [Fortune]
SONY CORP (SNE)
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Source: Fortune
For nearly two decades, people have stored their favorite TV shows on hard drives in their homes. Tivo’s introduction of mass market digital video recording in 1999 opened the floodgates, with cable and satellite companies quickly adopting similar technology into their set-top boxes. As a result, home DVRs became as much a part of the living room as sofas and throw rugs. But recently, amid a shift from TV as the prime the source of video entertainment, consumers are increasingly moving to cloud-based DVRs, which do many of the same things as their predecessors in the home. For $5 to $10 monthly, viewers can record their favorite shows to watch later when they want—and, more importantly, where they want—along with the usual fast-forwarding and rewind. The market for cloud DVR is expected to grow quickly. Annual consumer spending on such services is expected reach nearly $700 million by 2023, up from a projected $400 million in 2018, according to ABI Research. The
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