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When an operator receives a watermark with timestamp t from all its upstream operators, it can safely start processing all the elements up to time t.
For example, when Disney sells its red-hot ESPN sports channel to cable operators, it can package the offering with its less-popular outlets like Soapnet and Lifetime.
As well as offering to modify the software on its phones to suit particular operators, it has started to offer custom handsets.
While the jury verdict gives TiVo more power to license its technology to other cable operators, it will be a long time before deals are struck and the boxes ship, if it happens at all.
Frontiers generates most of its revenue from commissions paid by the lodges and tour operators it represents.
If it knocks together its local subsidiaries into 10 or 12 big, "super-regional" operators, it could create economies of scale in procurement and in management.
In its main business, supplying network equipment and services to telecoms operators, it is already a close rival of Ericsson of Sweden.
When it was the only news channel available to cable operators, it reached 2.5m homes.
Unlike traditional package tour operators, it books to order, avoiding unused capacity.
"Once this cash reaches the casinos – helped by some financial engineering from the junket operators – it becomes Hong Kong dollars.
And, speaking to other tourism operators, it doesn't appear these people are industry outsiders as McKenzie suggests.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com