HOW TO DEVELOP AN APP LIKE NETFLIX

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HOW TO DEVELOP AN APP LIKE NETFLIX

Do you remember those days when family members argue about what to watch next? Now, those days belong to the past. With online movie streaming services, you can watch anything, anytime, from any device. Moreover, the global video streaming market is estimated to be worth over $125 billion by 2025. And if you want to join the party, this is the right time. To get more news about moonlive, you can visit official website. dt888.gif Netflix is the leader in the video streaming industry. Starting as a DVD-by-mail company in 1997, now Netflix has over 118 million paid subscribers. In the U.S. alone, over 50% of households use this service. But why is Netflix so popular?

In 1998, Netflix launched a web-page. Besides, the platform changed from a ‘Pay per rental’ to ‘Monthly Subscription’ model. In the early 2000s’, Netflix focused on online streaming services, and it paid off. In 2008, Netflix finally introduced the Streaming service we know today.

Today, the company is famous for its original shows, television classics, and movies. And its revenue is estimated as high as $17.63 billion in 2019. Before answering the question of how to start a streaming service, let us take a closer look at Netflix.

Netflix business model The business model is not only about the way you monetize your business. It is also about how you embrace your audience. Besides, the business model creates an organization ecosystem, able to scale upwards in the future.

Netflix uses a subscription-based business model. In combination with global expansion, this business model allows the company to scale up quickly and steadily.Accessibility. The company delivers video across different platforms, operating systems, and devices. By using this approach, Netflix maximizes its fan base. Subscribers watch their favorite video content via browsers, tablets, and other devices.

Original content. Netflix broadcast exclusive programs and third-party publisher's shows. Besides, the service offers some in-house shows which are not available on other platforms.

No ads. Netflix shows ads only to free account users. But, we all know how irritating ads are when you are watching your favorite series. At the same time, premium subscription owners enjoy online streaming without ads. In this way, the service motivates users to buy a subscription.

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