Pay-TV operators are at the top of the set-top box food chain, with hardware OEMs and semiconductor vendors both functioning in a supporting role, according to ABI Research’s Set-top Box Opportunities and Leaders. The largest operators are responsible for the functional definition and direction, and have significant ownership over at least the logical layers of the implementation. Multi-source supply agreements, in which operators purchase functionally equivalent units from multiple vendors, are the norm today. Therefore, operators have

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