An interactive TV device is configured to receive and process multiple broadband input streams simultaneously. The device includes functionality to perform as a Web browser, HF, cable and satellite TV receiver, a digital PVR, an interactive TV set-top box, an advanced central processing unit and a videoconferencing device, thanks to an integrated videoconferencing camera. The present interactive TV device is configured to manage all multimedia sources identically, whether the input is a TV channel, a Web page, or a video stream played back from a data carrier such as a DVD, for example. The present interactive TV device is also configured to enable a user to watch and record a plurality of video streams simultaneously and to display them on four independently manageable quarter screen segments.