Today, most of us like to watch our favorite movies and shows through streaming services rather than using a TV. This has resulted in huge demand for such services as Netflix. Netflix has over 195 million subscribers and nearly $17 billion is spent on content annually.
With the growth in popularity of streaming platforms, US video streaming earned a profit of $27 billion and is predicted to touch $42 billion by the year 2025. These stats have inspired a lot of start-ups to launch their streaming apps. Hence, live streaming app development is also gaining popularity.
This blog would help you know about the video streaming app development cost incurred for TikTok, Disney+, Hangouts, and Netflix like app development along with features, and tech-stack used by popular streaming services.
Netflix Streaming Services- How Does It Work?
Netflix is an SVOD- subscription video-on-demand service used across the world. You will find plenty of movies and shows on this platform. A lot of them are free to watch.
The content available on this platform matches the preferences of different genres. This platform works on different operating systems Android, iOS, Smart TV, Mac OS, Windows, etc.
You can get a free trial for a month on Netflix. After one month the app would charge you fees if you do not cancel the subscription.
Steps To Create a Live Streaming App Like Netflix, TikTok, and Disney+
Pick The Right Business Strategy
To pick the right business strategy for your on-demand streaming app development you need to follow the main concepts like
Select Your Niche
You should invest enough time to prepare and choose the right product. It means you need to choose the streaming & content your app would comprise and determine your target audience.
Prepare Your Content
Try to determine the content you want to present on your platform. Also, plan how often the content will be updated. Secondly, decide on whether you will charge your users to access the content or offer it for free.
Fetch License For Content
Depending on the region you choose to post shows & movies, you need to abide by certain regulations. So, you can get in touch with an authorized distributor to rent the content.
Select The Right UI/UX Design
Having an impressive template for UI/UX design can help you grab more customers for your platform. So, make sure you ask your development team to create custom designs.
Go For a Cross-Platform Solution
When there are plenty of operating systems and devices, make sure your platform supports all of them to attract more users. Hence, go for cross-platform solutions.
Understand The Requirements of Your Audience
You should find out what your audience wants and how can you solve their issues. To do this, you need to advertise your product on popular platforms like YouTube, Instagram, Facebook, Twitter, etc
Choose the right business model
To make your business a success you need to put in a lot of hard work. Hence, you should invest ample time before you scale your product. The perfect method to help your app stand out is to populate it with unique content and fetch a license for it.
Next, you need to pick the right monetization model from the different models available like :
- Subscription plans
- Pay per view
- Advertising
Technology Stack For Netflix Like App Development
To create a Netflix-like platform you can pick from desired tech stack available :
Netflix, Disney+, Hulu
- Web - C#, NodeJS
- Mobile - Kotlin for Android app development solutions &
- Swift for iOS app development solutions
- TV - LG TV – React, C#
- Samsung TV- React, Node.JS
- React
Hangouts
- Web - NodeJS
- Mobile - Kotlin for Android & Swift for iOS
Instagram Stories and TikTok
- Web – NodeJS
- Mobile - Kotlin for Android and Swift for iOS
MVP model for streaming platforms like NetFlix, TikTok, Disney+
Creating an MVP model for your product is the perfect method to reduce time to market and development costs. To create MVP for your project, you need to integrate only essential features to cut down the overall cost. You can add advanced features to improve app efficiency later.
Platform
To create MVP for your streaming platform, choose the platform (iOS or Android) based on your target audience. On the other hand, to grab more users, you can go for both platforms or a cross-platform app along with a web version too.
Design
You need to have a user-friendly interface that consists of the vital features like :
- Registration
- Profile
- Payment gateway
- Search
- Chat & feedback
- Settings
- Notifications
- Screenshot banning
- Admin panel
Additional Features To Include In Your Streaming Service Like Netflix
- Social sharing
- Live to stream
- Rates & reviews
- Personal suggestions
- Geo-blocking
- Video quality
- Download
Crucial Requirements To Focus on For Streaming Service
You can reach a large customer base by considering the following essential requirements :
- Solid storage – You can consider cloud hosting for efficient storage.
- Streaming protocols- Consider the most relevant streaming protocols like HLS, RTMP, and WebRTC.
- Strong network connection – Consider CDN - Content Delivery Network solution to get strong connectivity, cut down request time and prevent server overloading, etc
- Security- Prevent hacker threats by considering domain restrictions, token security, SSL encryption, and geo-restrictions.
- High bandwidth
What Would Video Streaming App Development Cost For Netflix, TikTok, and Disney+?
The actual development cost for an entertainment app development project like Netflix depends on several features like
- The complexity of the app
- Features included in the app
- Development time
- Location of the development team
- Hourly/fixed rates of the developers
Conclusion
Well, creating a streaming app is not an easy process and needs the right expertise. When every requirement for the project is met you would get desired results and wouldn’t end up spending more than required. Hence, to build a successful Netflix-like service, you need to invest in expert mobile app development services to launch a scalable product.
The Q Dev, a trusted mobile app development company in the USA can help you develop and launch an excellent streaming platform like Netflix to generate revenue. With the help of our skilled developers, we can help you build a custom or white label live streaming app to meet your project requirements. Connect with us to share your project requirements with us today.