Netflix is immensely popular and it has millions of viewers worldwide. Have you ever wondered about the secret behind its popularity? One of the main reasons for its growing reputation is that the app provides limitless access to thousands of movies and TV shows.
Are you someone who’s having this great dream of starting a video streaming app service? This blog provides you insights about the cost, features, and other details in starting a business on your own.
How does a video streaming app work?
Taking Netflix as an example, it is a subscription-based service. By paying a monthly subscription fee, users can access to unlimited content and they can watch their favourite shows on all platforms like Android, iOS, Mac OS, PC, and so on.
How to develop an app like Netflix?
Find Your Niche
Platform For Your Business
Find Your Niche
Determining the streaming’s specificity is mandatory. You should know the type of service you’re offering – whether you are aiming for streaming service for kids, movies or TV programs, and so on. Of course, you can always create a single service that avails all sorts of video content such as movies, cartoons, etc. But, offering a specific service with advanced features will help you establish a brand name for your business.
Obtaining License For Your Content
Content is the key to your business. You have to decide how often you will update your content and to whom it will be available – for all users or paid subscribers, and so on. Getting licenses for content you plan to stream is necessary. You can acquire license through two ways,
Renting the movie directly from the distributor
Contacting the copyright holder
Regarding expenses, if you’re planning to start a video service that offers all sorts of content, you have to spend millions of dollars for licensing. For instance, Investopedia reports that Netflix has spent $13 billion on licensing in 2018. But at the same time, the company raised a profit of $16 billion, thus everything was paid off.
You can start providing specific services and later you can plan on purchasing the latest TV shows and movies.
Choosing the Platform For Your Business
Developing a high-end app for your business is essential to increase the customer base for the same. While building the app, you should keep in mind that your app should support both your iOS and Android patrons.
As people prefer apps as the favourite mode for watching movies, building a flawless mobile application with a pixel-perfect design and advanced features is mandatory.
Features You should not Miss in Your App
This feature helps the admins to easily manage the videos that are uploaded on the website
Admins can keep their users organized by sending instructions messages to all the people in different teams and departments.
Users can independently create their own profiles with customized settings.
Social Media Sharing
Users can share a specific video they like with others on all sorts of social media platforms like Facebook, Whatsapp and Twitter etc.
Ratings & Reviews
Users can rate and review videos, and the other users can check the reviews.
All uploads can be sent with a notification. Users never have to miss another video ever again.
Users can instantly search for the video they’re looking for with this search function available in the application.
Dynamic Admin Dashboard
With an efficient admin dashboard, admins can now enjoy a complete control over all app activities.
The global video streaming industry was valued at $36.64 billion in 2018, and is estimated to grow at a CAGR of 19.6% between 2019-2025.
If you’re planning to launch a flawless video streaming app with all the advanced features, get your hands on our unparalleled Netflix clone app right away.
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