There are cell phones that take pictures, mp3 players that download movies, and digital cameras that record video.

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We'd be all dismissive and everything, since tons of digital cameras can record video clips, but it's not exactly just a marketing gimmick.

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The quest for a Digital Video Disc (DVD) drive that can record movies and computer files has turned into an ugly street-fight over standards.

FORBES: Standards tangle

For capturing memorable moments on video, at the touch of a dedicated movie-record button, the PowerShot ELPH 330 HS digital camera shoots beautiful 1080p Full HD video and includes a built-in stereo microphone for great sound.

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To maintain the attractiveness of satellite television, for instance, News Corporation has subsidised digital video recorders for its customers, which allow them to record programmes and watch them when they like.

ECONOMIST: News Corporation

They are offering digital video recorders that allow subscribers to pause and rewind live programmes and record an entire series with a single click of the remote control.

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Stick a Secure Digital memory card in a slot, and you can have it record video thumbnails at regular intervals as you shoot.

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Using software called Camtasia, she was able to give a presentation on her computer and record the entire thing, including her narration, to a digital video file.

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Not only does it play back MP3 music files, but it also can record live audio and shoot and display digital still photos and MPEG-4 video.

FORBES: Magazine Article