Abstract: A system and method are disclosed for viewing and recording television content received within a DVR or the like. The system stores the content in discrete data chunks, and assigns each chunk a first reference count. When a user wishes to record incoming received content, the reference count of the chunks associated with the content to be recorded are updated from the first reference count to a second reference count. In this way, the data chunks may be shared by the different systems (e.g., the moving live pause buffer and one or more recorded DVR streams) and it is not necessary to create and save multiple copies of the received content. Older data chunks of the first reference count may be periodically purged as new data chunks are created.