Hulu is one of the well-known on-demand video streaming apps utilized by millions of users in the USA and Puerto Rico. Despite heavy competition from big platforms like Amazon Prime Video and Netflix, Hulu earned a whopping $4.4 billion in revenue in 2020 with close to 40 million users.
Entrepreneurs looking to enter the lucrative OTT market can achieve all their business goals successfully by creating an app like Hulu in partnership with a competent app development company. Customized and ready-made solutions in the form of Android and iOS apps and a dashboard will be developed for the users, content creators, and the admin.
What are the different factors that influence the total cost of developing a Video Streaming App like Hulu?
- The salary paid to the developers per hour or month - depending on their location, skills, and work experience.
- The time that is taken for creating an app like Hulu - that can vary between a few weeks and some months.
- The kind of tech stack utilized - for development of the Video Streaming app like Hulu. Various technologies like Amazon S3, Amazon Web Services (AWS), Hadoop, Twilio, and other frameworks for front-end, back-end development, and database management.
- The type of operating platform - that an app like Hulu is going to be deployed on. It will be compatible with Android, iOS, macOS, Web, and Windows.
- The nature of features (basic and premium) - included in the Video Streaming app like Hulu.
- Rendering additional services - like the provision of maintenance assistance, software upgrades, and technical support.
- The level of customization - needed by the business firm as it would want to display its brand name and logo in an app like Hulu.
Despite rapid changes in the market and user behaviour, Hulu has stayed ahead of its rivals in the fast-growing Over the Top (OTT) industry by offering affordable and star-studded entertainment options for its customers. Entrepreneurs can witness massive growth and get more traffic by curating a cutting-edge OTT app like Hulu by teaming up with a reputed app development company in the market.
The biggest cost here is the streaming service/technology. Depending on the scale (geography) of the service offering the development costs can start from 50k USD to millions of USD.
You need to first determine your target audience and the Minimal Viable Product (MVP) needed to market to your target audience. The development costs depends on the features of the MVP.
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We have years of experience in creating unique solutions for our clients and we offer them assistance with countering the difficulties exhibited by the competitor. With our innovative minds backing you, you would benefit to the fullest allowing you to expand and allowing us to steer you towards that success. What makes our mobile apps company different from other mobile app development companies in Singapore is our strong work ethic and attention to detail method.
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The average price of the median video streaming app development is around $171,450, according to a Clutch survey. But keeping in mind that this kind of app is not a median and needs advanced implementation and a lot of features then the cost for the app can raise between $200,000 and $350,000. It's an approximate cost to develop an app like Hulu. Do you want to know the exact price details to build an ott video platform
contact the right solution provider to know about the end-to-end complete project cycle charges.
You might have observed this transition or if not, then you will know about it clearly at the end of this discussion. Most of us have switched from our traditional cable TVs to live video streaming apps and it has eventually become a very hot topic around the globe. It has opened the doors for fascinating people to watch TV shows and series in a different way.
You can pick up several examples for the video streaming apps that have taken the world by storm- be it Netflix, HBO NOW, Youtube. This list includes Hulu as well because Hulu is very successful nowadays. Several reasons are instrumental for the majority of us quitting their satellite TVs and shifting to apps like Hulu. Must be thinking why we are talking about Hulu so much, right?
Reports and Analytics on Hulu App
Well, the reports from analytics say it all. A report from TechCrunch says that Hulu has estimated subscribers of almost 24 million by the beginning of 2019. Even the growth of this app in terms of gross revenue has proliferated by 71% and is continuing to rise every year and summed up to $132 million in 2017.
Another report from AppAnnie says that the total time spent by the TV show lovers on the top 10 video streaming apps has crossed the 12 billion hour threshold very easily. As per the news from Tech Crunch, this app has continued to seek the attraction of such a big population and has reached most of the people in the US.
What makes Hulu Special?
Well, recent upgrades of the Hulu App make it so simple to use. Also, it brings sophistication to watch the related content as per the need of a single individual. The tantalizing experience created by Hulu has resulted in bringing it to one of the top-grossing apps in the US.
Now, this exquisite piece of a new experience can inculcate a desire to develop an app like this on your own. If you’re interested too, then you need to consider several requisites before diving into its developmental strategy. Have the necessary competence to figure out the answer to the several doubts occurring in your mind. What can make your platform better than others? How can you reach out to more people on each augmenting day?
Today, we’d like to throw light on the 4 must-have features to consider while developing an online video streaming app and a rough estimation of the expenditure as well. So, let’s talk about these remarkable aspects which can be disintegrated into several factors.
4 Must-Have Features to Make Your Platform Unique Like Hulu
• Registration, Onboarding Experience, and Availability in Multiple Languages
The first and foremost step to create a great app like Hulu is to make the registration process easy for the users. Because people consider the registration process enervating, providing a way to register in one go will give you an upper hand.
Now, let’s talk about onboarding. It is a necessity while creating almost any app in the modern era. The onboarding experience ushers you through a brief path showing the features of the application and accommodates you to adjust all your preferred choices according to your needs.
If you want your streaming app to make good progress, then the best you can do is to make it available in various languages. This will ensure that people from different parts of the world can access it properly.
• Search and Exploration
The search option can be seen in any streaming app you come across because it makes it convenient for the user to find out the shows and movies. This facility directly provides the user their choice, if available on the platform. It also depicts all the trending searches among the users of the app.
The exploration task needs to be easy. If it is so, it will continue to engage the audience to use your service for a long. It saves time by avoiding the duration to search for something good.
• User Profile and Watchlist
The user’s profile helps the user to make any modifications in their personal information such as their generic profile, emails, and passwords. This will make the way of managing their data easier.
Now, most of the users wish to create more than one profile in a single account. If these profiles belong to different people, then it is important to trace the interests of every member and provide them with relevant suggestions when they wish to watch something new. It keeps track of their favorite genres and apps like Hulu have also fixed a certain threshold for the addition of multiple user profiles.
• Use of Real-time Analytics and Social Features
While talking about other important features, it becomes compulsory to know the work of real-time analytics. Apps like Hulu have integrated this feature to monitor the presentation of each of the videos in real-time.
People often love to share their interests with their friends and family members. It will increase the popularity of a particular movie or show being shared along with your platform.
If users can rate and comment on the quality of the video’s content, then other users can easily find out a better choice.
The Cost Estimation For Developing App Like Hulu
To create a good video streaming app like Hulu, it is very important to keep the approximation in your mind. The cost is dependent on several factors. From the features and functions of the app to make it available on different platforms such as Android and iOS, everything needs to be well-integrated. You need to hire an app development company that will do the work for you. Their charges can vary depending on the time they have to put in.