CyberLink PowerCinema 5 – The digital TV Entertainment Centre for the home.
PowerCinema turns your PC into a complete home entertainment centre:

• Watch analog and digital TV programs with time-shift playback.
• Record your favorite TV and radio shows with smart scheduling.
• Search for TV programs that match your interests via EPG.
• Watch two channels simultaneously using PiP mode.
• Play DVDs, videos, photos, and music. Get online news and weather info.