Abstract: A device (10) and method (30) for managing multimedia content recording assets, e.g., within a video processing device, such as a video signal convert/decoder (set-top box) device. The method includes receiving multimedia content, storing at least a portion of the multimedia content requested by one or more content assets, and providing access to the stored multimedia content by one or more of the content assets. The multimedia content requested by one or more content assets is stored once in a single location that is not part of any of the content assets. The video processing device includes a processor for receiving multimedia content and a storage device or element for storing received multimedia content. The processor stores received multimedia content once in a storage location that is not part of any of the requesting content assets, and provides access to the stored multimedia content by the requesting content assets.