With the rising fame of Netflix among youth and the massive availability of streaming movies on the internet, it’s impossible to imagine the world without “Entertainment.”
The time when TV was the only option for relaxation for people is now over. If we talk about the present, it says more than that people are less likely to sit in front of the television and regularly watch the content it shows.
“Netflix is the next big revolution of the entertainment industry that adds spice to lives.”
A popular platform named Netflix has become so popular and is captivating movie lovers with a host of the latest web series and documentaries. And not just benefiting the users, entrepreneurs are also turning towards building movie streaming apps like Netflix as a vast opportunity to engage the audience and earn good revenue.
There is no better time than now to invest in building a video streaming app using Netflix that helps you draw users’ attention.
You are just in the right place to shape the idea of transforming a movie streaming app into a market-fit product.
This blog is beneficial to jump into as we will discuss the concept in detail – the way to build an app, valuable features, and the cost.
Look At The Stats
It’s the most significant fact that Netflix’s name comes out whenever someone talks about video streaming Apps. But many are still unaware of how this name became so popular. How the journey started and what made such a platform the biggest leader in the online video streaming world.
Based on the latest reports, the streaming apps like Netflix gained humongous fame worldwide, especially in the United States. Over 60% of the audience prefer Netflix to watch the latest shows and entertain themselves for hours. Another biggest thing that amazes us is that Netflix now has roughly 209 M paid subscribers worldwide, which means a spike of more than 16M experienced last year.
The Behind Popularity of Movie Streaming Apps Like Netflix
Video streaming app development is climbing the charts. You can see Netflix is growing with no sign of decreasing users as well as revenue. So what things make this app so popular? What is it that offers that is quite different from other video streaming apps? The answer to these questions is what you need to know before you plan to develop your app.
Netflix Originated With Completely Unique Concept
When launched, Netflix became so popular in no time. It was the only app based on a unique concept available in the market offering online streaming, and that’s why it attracted users in a million towards it.
Quality Is Something Netflix Never Compromised On
Netflix indeed is one of those video streaming platforms that never compromised on the quality of web series, shows, videos, and much more. Movie streaming apps like Netflix allow users to opt for the highest video quality using an option of HD video streaming.
Attracted Majority Of Users In Million With Its Originality
Content originality is something Netflix offers to users. It has every content type right from comedy to action. No matter users’ tastes and choices, they can stream the content they love to watch. It’s completely different from television, where one can only watch live TV shows.
There Is 24/7 Entertainment To Spice Up The Lives
The majority of users have skipped watching their favorite shows in front of TVs. Netflix, with its entry, has attracted TV viewers towards it as it allows them to watch content whenever they want of their choice. Users can also download videos and watch them later without the need for an internet connection.
An Option Of One Month Free-Trial & Ad-Free Content
The addition of a one-month free trial and ad-free content inside movie streaming apps like Netflix. is the smart way to engage users.
By accepting the one-month trial period, users can quickly meet their interests and see what the app has inside. In case they start liking the app and the content inside, they can further subscribe to services.
Another availability of ad-free content makes users enjoy watching their favorite shows without any interruption.
How To Get Started With Your Own Movie Streaming Application Like Netflix?
Building streaming apps like Netflix is no more complicated if you have a suitable technology partner on your side. Before you approach the company to get the app developed, there are a few steps you need to follow. By following them, you will ensure that the end-to-end process will be much more streamlined.
Take First Step To Find Out Your Niche
Before approaching any video streaming app development companies, finding your niche is vital. In this step, you need to decide what content you want on your app and what type of users you want to target. E.g., If you’re going to showcase an educational type of content, your target audience should be learners. And based on that, you will decide the features of your app.
Determine The Way To Get The Content
Once you are final with what content type you will have on the app, you need to determine how to get that specific content on the next.
Whether you are planning to make your own videos or getting the content from distributors, you are free to show that on your app. In the case of distributors, you need to get the license to rent the videos from their side.
It would help if you sorted out all the things initially, so you don’t face any trouble in the future.
Pick An Ideal Monetization Model
When you are on the road to building an on-demand video streaming platform, you also need to learn from its idea. Netflix Clone works on a subscription-based model that allows business owners to earn when users subscribe to their Netflix services. But there are two more models on the list you can choose for you. Here they are:
Advertisement Based – In this type of model, business owners earn from other companies that run their ads in between videos on your app.
Pay-Per-View – This model allows users to pay for every video they watch, which means the owner can make good money.
Other Essentials To Look For
- Internet Speed
- Expandable Architecture
Unique Features To Add In Your Own Movie Streaming Application
The features play a keen role in the success of the app. You need to be very careful while selecting them. Make sure to keep every little need of the user in mind – Adding a smart filter to easy navigation. For your movie streaming apps like Netflix, the main features you consider for separate panels are below.
- Easy Login
- Profile Creation
- Playlist CReation
- Recently watched videos/ Trending Videos
- Easy Login
- User Management
- Manage Trailers
- Payment Management
- Manage Notifications
More Advanced Features
Video-Sharing: Users can share their favorite videos with their friends on various social media platforms.
Multiple-language Support: It enables users to watch the content in their preferred language.
Live Video Streaming: Users can watch live shows or interact with trainers via the live learning option.
Multiple Payment Option: Users can choose from various payment modes that suit them best and make payments accordingly.
Watch it Later: Users can also download their favorite show and watch it later without an internet connection.
Create a Playlist: Users can add their favorite shows to their playlist and watch them later.
Multiple Filters: This feature enables users to find out the content type without any hassle easily.
Factors To Determine The Cost of Movie Streaming Apps Like Netflix
- It depends upon the features you want to include in the app.
- It depends upon the platform you choose (Android/iOS).
- It relies on the design of the app. If you go for a complex structure, it will cost you higher.
- It depends upon the location of the app development company.
So the cost of app development like Netflix depends directly proportional to the time taken to develop an app and other aspects.
Note: your specific business requirements can fluctuate the cost anytime.
That’s all for now!
The video streaming landscape is big and full of opportunities for entrepreneurs looking to earn good money. Netflix is the leader for now, but soon there will be the origin of thousands of video streaming platforms for users to watch.
Now is the right time to build your own streaming apps like Netflix in the right way. The whole process is simple; all you need is to choose the best video streaming app development company with the right expertise.