Video streaming solutions are witnessing significant growth due to the COVID-19 quarantine. A research of 2,000 Americans who have access to video streaming platforms revealed that on average, a person is streaming 8 hours of content daily during the coronavirus outbreak.
Analysts also found that today people have access to 4 streaming applications while 38% of the surveyed individuals are logging into 5 or even more services.
To make a video streaming Netflix-like app, you should have a coherent idea of what it is. Netflix is the worldwide leading online subscription service that offers content on-demand. The system provides customers with the ability to watch movies, shows, documentaries, etc. across all devices that include smartphones, laptops, tablets, game consoles, and more.
The monetization model of Netflix is a paid subscription. You start with a 30-day free trial that gives you unlimited access to content. If you decide to continue using the application, you will have to make monthly payments. Plans range from $8.99 to $15.99 per month.
As of March 31, 2020, Netflix video streaming platform had nearly 183 million paid user memberships from all over the globe.
According to the official report, Netflix profit for the first quarter (that ends March 31, 2020), was about $5.8 billion. As of March 31, 2019, the quarter’s revenue was $4,521 billion. The main reason for such quick growth is the COVID-19 outbreak.
There are numerous features that you can develop but what are those that will allow a video streaming platform to perform the necessary tasks?
User login and registration
Certainly, there are other useful features that will add value to your customers, for instance, personalized content recommendations or integration with social media. We will also consider them in this article.
When thinking through the product functionality, take into account industry-specific requirements. If your objective is, say, to create a news broadcasting service, you will need to enable live video streaming.
1. User login and registration
This is one of the most important functions that you should include in your video streaming platform. Allow customers to sign in via email or social media accounts, so that they can choose the most convenient way.
Time: 50-60 hours.
2. User profile
When making a video streaming app like Netflix, provide people with the ability to create personal profiles. Here customers will be able to save favorite TV shows and movies, add new users to the account, and view a watch history.
Netflix allows users to have up to five profiles for one account, which gives different household/family members access to video content.
Time: 80 hours.
3. Content search
Content is the core feature of any video streaming application. To make the search process simple and enjoyable, integrate a selection of genres, film ratings, and user reviews.
Time: 100-120 hours.