What are the steps to build start a OTT platform like Netflix? - MacAndro
Netflix has become the modern equivalent of renting a blockbuster in the good old times of the 90s. We’ve come a long way with personalized on-demand entertainment consumption. It’s still not late to be the part of the success that video streaming services like Netflix, Disney+, Amazon Prime, Hulu, and Apple TV+ are reaping.
Netflix has made $ 16 billion in the year 2018. In the 2nd quarter of 2019, Netflix made $ 4.52 billion, where they expected to reach $ 4.50 billion. So, they are going on track so far. This might be more than enough for the reason of uprising demand of Netflix clone script in the online marketplace.
To make it more worthy, let me point out some amazing facts about the netflix
Top Interesting Facts About Netflix:
1. Netflix occupies as much as 61% of the entire video streaming website market.
2. With its reach in more than 190 countries in the world, Netflix made $ 16 billion last year.
3. Netflix had over 154 million paid subscriptions worldwide, including 60 million just in the US.
4. Mathematically speaking, to consume all the content of Netflix, one human life is not sufficient.
5. Netflix takes a 26.6% share of global video streaming traffic (YouTube is 3rd in position).
6. In just 60 seconds, Netflix users from around the world collectively watch 694,444 hours of content (More than double from last year).
How to Start your own Video streaming service like Netflix?
A better question is how to create an app like Netflix. So the process is as follows:
1. Prepare a viable business strategy to start a Netflix-like app startup.
2. Get the best entertainment app development company.
3. Learn about the requirements and tech stack needed to create streaming services like Netflix.
4. If you lack money to build the complete app; build an MVP with basic features to present to investors.
5. With the gathered funding, expand your app as well as your business reach.
6. Keep researching on the best new design trends and features and keep upgrading your app and business model.
These 6 steps are not as easy as it seems. The whole process from finding a proficient technology partner (app development company) to launching your video streaming app takes a lot of time (around 8-10 months.) But, if you find the right OTT App development company and precise business model, then half your troubles will get resolved easily.
We all know that the growth of entertainment industry is hitting its sky. Each and every TV shows, series and movies are battling to grab the user’s attention via video streaming apps . This makes the entrepreneurs turn their view towards the Netflix clone app development. Designing & developing a video streaming app can be a tedious task. So before building an app, make sure to analyze all the above details. As it looks complicated, it is better for you to join your hands with an expertise like MacAndro, a leading OTT App Development Company who upholds a heap of experience in developing a live streaming apps like netflix.