Method and system for sharing resources for setup boxes (STB) in a home network

A STB resource sharing (RS) group of a home network comprises a plurality of STBs. In the STB RS group, a STB communicates with one or more other STBs to mutually share available device resources comprising hardware and software resources, and/or capabilities. The STB functions as an elected master (EM) or a STB RS client in the STB RS group. As an EM, the STB receives advertisements from other STBs to determine available resources. The determined available resources are announced to other STBs in the STB RS group. The STB manages the use of the determined available resources according to resource sharing requests received from other STBs. As a STB RS client, the STB advertises inherent resources to an EM of the STB RS group. The STB receives announcements from the EM for available resources in the STB RS group. The STB shares its available resources, accordingly.