Failover handling occurs whenever a variant playlist has multiple renditions for the same bit rate and one of the renditions stops working.
In this case, the player switches between renditions as described here.
#EXTM3U #EXT-X-STREAM-INF:PROGRAM-ID=1, BANDWIDTH =700000 http://sj2slu225.corp.adobe.com:8090/_default_/_default_/livestream.m3u8 #EXT-X-STREAM-INF:PROGRAM-ID=1, BANDWIDTH =700000 http://sj2slu225.corp.adobe.com:8091/_default_/_default_/livestream.m3u8
When the PSDK loads the variant playlist, it creates a queue that holds the URLs for all the renditions of the content for the same bit rate. Whenever a request for a URL fails, the PSDK then uses the next URL of the same bit rate from the failover queue. At any specific failure time, the PSDK cycles once through all available URLs until it finds one that works correctly or until it has attempted all the available URLs; in the latter case, the PSDK no longer continues attempting to play the content.
The PSDK player, rather than the Apple AV Foundation player, provides failover handling.