Tivo Inc. this week said it will release the Tivo Premiere Elite for digital cable systems in the fourth quarter of 2011.

The Tivo Premiere Elite will include four tuners to record four programs simultaneously, 2TB of storage of up to 300 hours of high-definition programs, HDMI output, two USB 2.0 ports, and THX-certified audio at $499.99.

Tivo Premier Elite

In addition, the device will include Netflix, Pandora, Hulu Plus, Amazon Instant Video, and YouTube functionality.

Prior devices include the Tivo Premiere XLwhich records 150 hours of HD programming.

Tivo currently holds 1.9 million subscribers.

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