Cabel-TV businesses are on the verge of becoming old school; online video streaming businesses are trending today. The transfiguration of television from cathode-ray electronic TV, black & white TV, to color TV and latest from cable TV to satellite TV, has been wondrous.
However, somewhere close to this television switchovers, emerged the cosmos of video streaming.
Today, one can watch their favorite shows/videos streamed on-demand straight to their Smart TVs, tablets, laptops, or smartphones in full HD quality. Netflix, Hulu, YouTube, Amazon Prime, Twitch, Direct TV Now, HBO Now, etc are the many video streaming app competitors and each one of them has their unique specialty.
Television that used to be a medium for a family to sit together and watch the news, or get entertained, is losing its significance because family members now watch their favorite shows streamed on their devices. We are not far from the time when television will get lost into the oblivion.
With video streaming business taking a giant leap over television, there is a sound scope for development over this media platform.
As an entrepreneur, you have plenty of options to consider before deciding to develop the best of all video streaming apps. In this blog, we have enclosed the features of these online video streaming businesses and have shown how each one of these apps functions and generates revenue.
If you want to develop a winning app rising amongst the app based online video streaming businesses, you must know what type of app you want to build, what demographic shall it address to, how will it generate revenue and many such inquests. To begin with, let’s start with the types of video streaming apps.
We have broadly divided the online video streaming platforms into the following four categories:
Apps broadcasting user-generated content
Primarily, there are video streaming apps where the users of the platform are the creators of the content. You shall understand it better as we speak of YouTube & Twitch. The users of YouTube or Twitch have the privilege to create content on these platforms. Other such users can watch the content and can similarly create and broadcast their own content.
Apps streaming original content – Most popular online video streaming businesses
Netflix and Hulu are the superheroes amongst the online video streaming businesses as they provide original content produced by themselves and which is not available elsewhere on the internet. If you own a production house, here is how you go digital and your business can stride to success by streaming original content. Apps like Netflix and Hulu have been appreciated indeed because of their award-winning unique content.
Apps broadcasting live TV and no other content
Another category of video streaming apps is the one which directly streams live TV on the app, for the users who are away from television and do not wish to skip the telecasted serials on TV. DirecTV is one such example of live video streaming business. Apart from broadcasting TV, they do not stream any other content for their viewers. Such apps are clearly- ‘cable cord’ replacements that stream everything of the traditional TV on any of the internet connected devices.
Apps by independent TV networks
Lastly, there are these stand-alone TV networks who develop their own personalized app for on-demand video streaming service. HBO Now is one such example that provides a separate app for video streaming, also streaming original content. However, these apps are mostly available to those who have subscribed to the traditional TV channel.