Harmonic’s video business is in the shop window, confirming Faultline’s instinct from NAB 2023 – and subsequent analyses of company reports – that disruption was afoot. The US heavyweight of encoding, transcoding, and processing has triggered a strategic review to carve out and sell its video division, citing acquisition interest from a number of parties. We can think of numerous suitors for Harmonic’s famed VOS360 media processing suite, but it is likely that any deal would lead to Harmonic making significant losses on legacy parts of the business, including media storage servers and commoditized playout systems. Faultline has been bullish on Harmonic’s recent financial performances. In the latest results, video revenues tumbled by nearly 10%, from $63.8 million in Q3…