What are the Sources of Revenue for Netflix Clone App?


Netflix is the most popular video streaming platform worldwide. It is an American entertainment company founded on August 29, 1997, by Reed Hastings and Marc Randolph in Scotts Valley, California. Initially, it provided streaming media, video-on-demand online, and DVD services by mail. Within a short span, Netflix became a huge tremendous hit among all the age groups as it holds a variety of web series, shows, and movies.

How Profitable Netflix  Is?

There are many video streaming apps today, Netflix, however, is being the talk of the town. We often hear ‘Netflix and Chill’ and not with other video streaming apps. Why do we opt for Netflix when there are many other media streaming apps available in the market? Let's know the revenue of Netflix.

- Netflix stretched its hands into film and television production and also in the online distribution in 2013 with its headquarters in Los Gatos, California.
- The annual revenue of this popular video streaming app is $15.79 billion.
- According to a report, there are about 785 million streaming service users worldwide. And among them, 44% of users are using Netflix.
- 15% of the total downstream volume of internet traffic is consumed by Netflix.

Source of Revenue

With video-on-demand services like Netflix Clone App, one can generate quite a huge amount of profit. But the question is How? Let me discuss some revenue models on the Netflix clone app.

Subscription Plans

This is one of the fixed sources of income for app owners. The app offers several subscription packages for users. After the successful subscription, the videos under that particular plan will be available for the users to watch and enjoy.

Advertisement

This source of income model provides a huge amount of revenue. In this, the app owners or service providers will host ads on their application. Every time when a user watches an ad, the providers will get a fixed sum of money. Promotional activities can also be done under a payment.

Pay-per-view

If the user wants to watch a movie or show for one time without any subscription plans, he/she can watch it by paying for that particular movie/show. If the user wants to watch it again, a nominal amount has to be paid before watching it.

Final Words

It is not a herculean process anymore to build a media streaming application like Netflix. Within a few years, this online streaming industry has become a billion-dollar industry. If you are an entrepreneur who wants to start a video streaming venture, it is the right time for you to enter this field with our lucrative Netflix Clone App. We are the best On-demand App Development Company.

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