TiVo DVR Screen
TiVo's Mega DVR will have enough space for three years' worth of content when it's released next year. REUTERS/Steve Marcus

TV consumers frustrated with the constant struggle of trying to keep up with the latest episodes of “Game of Thrones” and “The Big Bang Theory” can finally catch up, thanks to the TiVo (NASDAQ:TIVO) Mega. The massive DVR, which can record many thousands of hours of content, carries a price tag to match its name: $5,000.

Announced Monday, the digital video recorder boasts 24 terabytes of recording space, enough to record more than 26,000 hours (or three years' worth) of standard-definition TV footage. It allows users to record up to six channels at once, stream live TV or recorded shows and movies to smartphones or tablets, and download previously recorded content for offline playback.

“Size matters. People hate being forced to delete cool stuff from their DVR before they want to or finding a TV show they recorded is now gone,” Ira Barh, TiVo chief marketing officer, said in a press release. “Now, with TiVo Mega they can always know their show or movie is still there to watch later. TiVo Mega offers more than 12 times the storage of any cable or satellite DVR.”

TiVo’s Mega DVR will hit the market during the first quarter of 2015, the company said. The device is TiVo's latest appeal to cord-cutters, following its recent release of the TiVo Roamio, a $50 DVR capable of streaming content and recording 75 hours of high-definition programming.