The global lockdown as a result of the Covid-19 Pandemic, has seen an exponential rise in the demand for Media streaming platforms Like Netflix, Amazon prime and every other major/Minor brand. The interesting thing is that the growth is both in terms of usage as well as new sign ups. All brands irrespective of geography and content, are experiencing similar surge in both these KPI parameters. This can be attributed to the prolonged isolation mandated by governments across the world. The time seems ripe, for exploring a digital streaming platform like Netflix.
“Netflix, the most popular Video Streaming App, is responsible for 8% of all time spent on watching videos worldwide.”- reports, Techjury.
Who doesn’t know Netflix?- Netflix’s is a giant in domain of video streaming application platform. Its collection of movies, which includes everything from indie-made disasters to Oscar-winning masterpieces.
The latter half of the 20th century and the initial years of 21st century have seen some massive inventions and advancements in video streaming domain that changed our world forever. There was a time when broadcast TV was the most watched video platform worldwide. Advancement in technology has shifted the audience online. According to Statista, 32% of TV households worldwide would have a video on demand subscribers by 2022. With this penetration rate, Video on demand (VOD) & live video streaming apps are looking to be on their way to completely replace the TV broadcast networks within our lifetime.
Netflix is a type of streaming service that allows customers to watch a wide variety of viewing content. Netflix reports that they planned to spend $8 billion USD on for new content to be on their video streaming application platform.
Netflix’s video content streaming service is a subscription based model that allows to watch TV shows and Movies available on the platform. Netflix has a huge catalog of content so it is proven to be the largest video-on-demand platform. As you have paid a monthly subscription fee, you get unlimited access to all the content.
You can download the app and use it for free for the first month as a trial. Let’s review the key features of apps like Netflix.
Ultimate Content Collection: Using Netflix, user can watch as many shows, movies and series as they want to watch without having any fixed time restriction.
Unlimited Access: Netflix users will be able to watch the exclusive content calle “Netflix Originals” which will not be found anywhere else.
Multi-device Support: Users can switch between devices, start watching a movie on a kitchen via smartphone and resume it on a TV with sandwiches.
Multiprofile Access: User can create up to five separate profiles in a single Netflix app for Android and iOS accounts.
The total cost to build a NetFlix clone app will be somewhere in the region of $18000 to $25000. Let’s see a detailed breakdown of user wise features and corresponding costs.
|System Users||Customers App||Super admin|
|Basic Features||Register/ Sign Up||Login|
|Mobile Number Verification||Manage Customers|
|Manage Profile||Manage Shows|
|Recently Added Shows/Movies/Series||Manage Movies|
|My List||Manage Episodes|
|Films List||Manage Program Categories (Hollywood/Bollywood/Horror/Suspense etc)|
|Similar program||Manage Trailers|
|Trending Now||Manage Genre|
|Series List||Advanced Analytics and Reports|
|Search(by title, people Genre)||Manage CMS|
|Filter shows (/Suggested shows Years/A-Z/Z-A)||Manage Notifications|
|My Account||Manage Payments|
|Manage payment and billing details||Manage Languages|
|Manage Language||Manage Gift Card/Promo codes|
|Redeem gift card/ promo code||Manage settings|
|Update/Upgrade subscription plans||Manage Filters|
|Subtitle appearance settings||Manage Featured programs|
|Like/Dislike shows||Manage Downloadable shows|
|Cost for developing similar app like netflix||USD $18K - 25K (For iOS + Android + Web Admin + Web Services)|
|Review and Ratings||Manage Review and Ratings|
|Add On Features||ChatBot Integration||Manage Most searched shows|
|Banner ad display||Ad Management|
|Offline shows(Downloadable)||Traffic Analytics|
|Comment on shows|
We are a team of seasoned web developers, app developers, UI/UX designers, business analysts, and product managers. Collectively amongst us, we have an experience of 10 years in custom mobile & web applications development.
The resource team to develop online Video/ Media streaming app like NetFlix will comprise of:
Let’s Nurture is a leading ISO 9001:2015 certified custom mobile app development company delivering robust, dynamic and best-in-class applications. Video on demand (VOD) or video streaming app platform is a very specific and investment intensive niche, and 2019 is the right time to start a video on demand service of your own. It is time to get your on video streaming app like Netflix, Amazon Video, Hulu, Twitch, Crunchyroll, etc. It’s never too late!
Let's explore how this pandemic can be turned into a potential opportunity.. please get in touch with the expertise of Let’s Nurture for a free consultation.
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