These ought to be good times for the content security business given the intensifying challenges posed by growing online distribution of premium content and new risks associated with Ultra HD. But the traditional vendors are feeling the pains of disruption themselves and their fates or even survival depend on how well they adapt and how quick they are to expand into parallel markets around cybersecurity, the Internet of Things (IoT) and analytics. They are all trying to do that but with varying degrees of success depending on their pedigree and resources available. To some extent these traditional vendors are trapped between a rock and a hard place. The rock is the contraction in their traditional Conditional Access (CA) business, whose…