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Start Your On-Demand Video Streaming App Like Netflix Today!
Netflix is the most popular video streaming platform worldwide. It is an American entertainment company founded on August 29, 1997 by Reed Hastings and Marc Rndoloh in Scotts Valley, California. Initially it provided streaming media, video on-demand online and DVD services by mail. Within a short span Netflix became a huge tremendous hit among all the age groups as it holds a variety of web series, shows and movies.
Inspired by the success of Netflix many video streaming startups have evolved which is similar to Netflix. Then the Netflix Clone Script came into the scene as a revolution. This made it very easy for the entrepreneurs to dive into this video streaming industry. These clone apps are advanced, customizable and feature rich.
How Profitable Netflix Is?
There are many video streaming apps today, Netflix, however is being the talk of the town. We often hear ‘Netflix and Chill’ and not with other video streaming apps. Why do we opt for Netflix when there are many other media streaming apps available in the market? Lets know the revenue of Netflix.
- Netflix stretched its hands into film and television production and also in online distribution in 2013 with its headquarters in Los Gatos, California.
- The annual revenue of this popular video streaming app is $15.79 billion.
- According to a report there are about 785 million streaming service users worldwide. And among them 44% of users are using Netflix.
- 15% of the total downstream volume of the internet traffic is consumed by Netflix.
Crucial Points that made Netflix a “Dominant Player”
Pulling back all other video streaming apps, Netflix gained a huge popularity and more number of users. Let us know about the factors that made Netflix a “Dominant Player”.
Content Delivering Style
The core aim of Netflix is to deliver the best content to their users. To achieve so, they create contents with narrative twists, trunks and long story arcs. So it priorly indicates the users about the ads so that they can watch them without interruption.
Growth Metrics
Netflix gives a privilege to its show runners to stream their content without any prior permission. This cool rule by them made it easy for their hit. By this advantage many shows were streamed and gained more audience. This evaluation metrics made Netflix a unique one from many other media streaming platforms.
Data Mining
The organization stores all the data about the user’s activity like likes, dislikes, etc. This helps them to explore and find the most wanted contents by the users. Using this the company builds a review and understands the expectations of the users. Eventually it brings more website traffic.
Benefits of Netflix Clone App
1. Developments can be done easily in the future.
2. There will be no technical malfunctioning or glitches in the cloned application.
3. Even after the launch of the application technical support can also be given.
4. Based on the business requirements the app can be customized within 3 to 4 business days.
5. The clone app needs less development time.
6. The clone apps are even more attractive and with its UI/UX design, it provides the best user experience.
7. No worry about the regular app updations as the tech team will do it regularly.
Source of Revenue
With video on-demand services like Netflix Clone App, one can generate quite a huge amount of profit. But the question is How? Let me discuss some revenue models on the Netflix clone app.
Subscription Plans
This is one the fixed source of income for the app owners. The app offers several subscription packages for the users. After the successful subscription the videos under that particular plan will be available for the users to watch and enjoy.
Advertisement
This source of income model provides a huge amount of revenue. In this the app owners or service providers will host ads on their application. Every time when a user watches an ad, they providers will get a fixed sum of money. Promotional activities can also be done under a payment.
Pay-per-view
If the user wants to watch a movie or show for one time without any subscription plans, he/she can watch it by paying for that particular movie/show. If the user wants to watch it again, a nominal amount has to be paid before watching it.
How to develop an app like Netflix
In this coronavirus pandemic season, there is a huge need for video streaming apps like Netflix. People are searching for the best entertainment to watch and pastime. By 2025, the international video streaming industry will be $125 billion.
Here are the five crucial things you need to pay attention to when building a media streaming app business. They are:
Find your Niche
Determining the type of service you are going to offer in the initial mandatory step. Like whether you are going to stream contents for kids, sports, movies, shows, web series, TV programs , etc. And also you can build a single platform that avails all sorts of contents. But as the golden words “If you chase two rabbits you will lose both” says, if you follow multiple content services you can give it a hit. So offering a specific service with next-gen features will help you in establishing a brand name for your own.
Obtain license for your content
The content is the gold mine of the video streaming app business. While building your platform it is essential to decide how often a content update will be done and to whom it will be available. For example, for all the users or paid subscribers, ect. The licence can be obtained in two ways.
1. Leasing a movie from the distributor
2. Connecting to the copyright holder
Choosing the platforms
It is very essential to increase the customers based on the platforms that you choose. Most of the population uses Android and iOS. So, it is very mandatory to build your app in such a way that it should be available in both Android and iOS platforms. It is also important to build a flawless application with the perfect design and cutting-edge features.
User Satisfaction
In any business customer satisfaction will take it to the greater level. More customers can be attracted if you are able to understand the needs of your users.
Technology Stack
This is a very challenging task for you. This helps in increasing the users. Cloning the application of the existing successful business model will help you to save money and time. Right customization should be done in your Netflix clone Script to attract users.
Why Choose Us for Netflix Clone App
- Highly Skilled Developers
- Confidentiality
- Latest Technology
- 24*7 Support
- Easily Customizable
- Maintenance
Advanced Features that we offer
Powerful Admin Panel
Content Management
User Management
Geo-Location
Video Resolution
Variety of channels for Uploading
Multiple Payment Gateway
Records & Statistic Management
Admin Handling Blogs
Flag/Report a Video
Video/Category Management
Various Monetization channel
Default Video Player
Content Recommendation Algorithm
Final Words
It is not a herculean process anymore to build a media streaming application like Netflix. Within a few years this online streaming industry has become a billion-dollar industry. If you are an entrepreneur who wants to start a video streaming venture, it is the right time for you to enter this field with our lucrative Netflix Clone App. We are the best On-demand App Development Company
Disclaimer : Startupmart neither represents nor has command over the trademark of "Netflix". We are not doing any promotional activities and we use the term only for understanding our product. Our motto is not to harm any organization or individual.
Muthu Priya is a enthusiastic Digital Marketing Executive who has strong background on-demand mobile app marketing, performance-driven habits and forward-thinking creativity to all programs she oversees. She writes about mobile app technologies, Startups, Industires. Stay in touch with the blog updates at Startupmart to know the trends of On-Demand Industry.
