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Netflix, Amazon Prime Video, Hulu, Disney+
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What is Netflix
Netflix is an on-demand video streaming service where you can stream movies, Series, Documentaries, Reality Shows, etc as per your convenience wherever and whenever you want. Netflix is available in more than 190 countries worldwide and also their content is different based on different locations and their local languages.
How does Netflix Work
Content Part
To provide content to its users for streaming, Netflix does an annual or permanent contract with the content makers to allow its content to streaming on their platforms. Netflix has different content based on the location of streaming as well as the one which is in local languages. Based on the country's geography and their literacy rates, people prefer different content genres so the Netflix algorithm promotes different content accordingly.
Monetization Part
Netflix has multiple subscription packages where a user can choose the monthly or yearly package as well as one package can allow up to 2 or 4 devices streaming at a time. This helps the user split the cost of a subscription among their friends which results in a cost-effective subscription model so that more subscribers would join the platform.
Cost of Developing Video Streaming Platform Like Netflix
To develop a completely customized solution by hiring a professional agency that is well experienced in How to Develop a video streaming platform like Netflix
Based on your choice of development and the features you wish to implement in your platform the cost of a video streaming platform like Netflix is $5000 - $90K.
