From Idea to Screen: Creating Your Streaming Service from Scratch

# Business
10.10.2024
23 min
1191
Andrew Tsopych
CEO, Founder

Do you know streaming services have become critical to entertainment and content consumption? From movies and business TV streaming services to live gaming and educational content, the world has moved to on-demand and live-streamed experiences.

With giants like Netflix, Twitch, and YouTube dominating the scene, building your own streaming business platform from scratch may seem daunting. However, with the right approach and technology, creating a streaming service tailored to your vision is possible and a profitable opportunity in a rapidly growing industry.

This guide will take you through the essential stages—from planning and development to launch and growth. Let’s explore step-by-step how to create a streaming platform from scratch. 

Defining your niche 

How to start your own streaming service? The first step in creating a streaming service is understanding the niche you want to target. Streaming services for business have exploded in popularity, but the most successful platforms carve out a specific emphasis area that satisfies a particular audience. Whether it’s a focus on a certain genre, language, region, or demographic, clearly defining your niche will help you stand out in an intensive market.

Identifying your target audience 

Selecting a niche involves thorough market research. Start by determining underserved audiences or gaps in current streaming business platforms. For example, platforms like Crunchyroll have successfully targeted anime fans, while sports-specific platforms like DAZN have tapped into live sporting events.

Crunchyroll main page

By the way, Crunchyroll started as a small platform streaming anime content and has since grown into a giant with millions of subscribers. By focusing exclusively on anime fans, it was able to develop a deep understanding of its audience, curate content accordingly, and become a beloved brand within its niche. Their dedicated approach allowed them to tap into merchandising, events, and licensing deals, diversifying their revenue streams beyond subscriptions.

Consider the following steps to narrow down your niche when starting a streaming service:

  1. Analyze audience needs. Use tools like Google Trends, social media analytics, or surveys to understand what specific groups seek. Are there emerging trends or a lack of specialized content? For instance, niche content focused on cultural heritage, regional storytelling, or eco-conscious documentaries could attract unique audiences.
  1. Competitive analysis. Study competitors to identify what works and what doesn’t in their platforms. Evaluate their strengths, weaknesses, user reviews, and content offerings. Can you offer something they don’t? Competitors might have broad libraries, but if their content is spread thin, focusing on depth in a particular area can be your edge.
  1. Global vs. local appeal. Consider whether your platform should have global aspirations or cater to a more regional audience. For example, some platforms may succeed by focusing on specific languages (e.g., a French-only platform), while others might aim for a global reach with multilingual content.
  1. Monetization potential. Examine the monetization opportunities within your niche. For instance, a platform targeting professionals, such as e-learning content for healthcare workers, can command higher subscription fees or partnerships with educational institutions.

Building a community around your niche

Community-building is necessary for a niche platform. It is a great idea to engage with your audience through forums, social media groups, and exclusive events (virtual or physical). You foster loyalty and encourage organic growth by providing a space where fans can interact, share, and discuss their favorite content. User-generated content (like fan reviews, art, and discussions) can also help enrich the platform’s ecosystem.

Content acquisition and creation

Your content is the basis of your streaming business platform. With a strong catalog of engaging material, even the most well-designed platform can attract and retain users. There are two prior strategies for content acquisition: licensing existing content or producing original shows and films.

Licensing existing content 

In fact, licensing allows you to purchase the rights to stream content others produce. This approach is common for new platforms since producing original content can be expensive and time-consuming. However, we prepared several ways to approach licensing to get the most value for your platform.

Types of licenses

They can vary based on duration (how long you have the right to stream the content), geography (in which regions the content can be streamed), and exclusivity (whether other platforms can also stream the same content). Securing exclusive licenses for sought-after content can give your platform a competitive advantage. 

Syndication agreements

You may be able to negotiate syndication agreements, where you license content to and from other platforms. This can be a cost-effective way to add variety to your library without the high costs associated with original productions. For instance, streaming services for business like Hulu often share content as part of broader licensing agreements.

Hulu main page

Acquiring niche content

Platforms that target specific genres or audiences should focus on acquiring highly specialized content that appeals to their core users. For instance, a platform focused on horror films might work with smaller studios or independent filmmakers to acquire exclusive horror content. The key is finding material that resonates deeply with your audience, even if it’s not mainstream.

Producing original content 

Producing original content can be a game-changer for your streaming as a service. Unique, high-quality content can drive subscriptions and set you apart. However, this approach requires significant investment and careful planning.

Budget allocation

Establish a realistic budget for original productions. While big-budget shows like Netflix’s Stranger Things or The Crown can attract global attention, smaller productions can still drive significant engagement. For example, indie documentaries or low-budget web series can resonate well with niche audiences without breaking the bank.

Hiring talent

Whether producing scripted series or reality content, working with top-tier writers, directors, and actors is critical. This may involve collaborating with production houses, scouting emerging talent, or even launching contests for user-generated content that can be turned into professionally produced series.

Cross-promotion with brands

Partnering with brands for product placement or co-producing content can offset production costs while creating new revenue streams. Brands are often interested in collaborations that help them reach specific audiences, particularly in niche streaming business platforms. A platform focusing on fitness content could partner with sportswear companies or wellness brands, etc.

Netflix main page

For example, Netflix established the model of investing heavily in original content with shows like House of Cards and Orange is the New Black, and more recently, blockbuster films and international series. These shows not only brought in subscribers but also helped Netflix become a global entertainment leader. By diversifying its original content, including international productions, Netflix successfully satisfies different demographics worldwide.

Technical infrastructure

One of the most essential factors in starting a streaming service is ensuring that your technical infrastructure is robust, scalable, and user-friendly. Users expect smooth, uninterrupted streaming experiences, especially in a world where ultra-fast Internet and high-definition content are becoming the norm. 

Right hosting solution

Your choice of hosting provider will directly impact the quality of your streaming as a service. Streaming requires a lot of bandwidth, and if your platform is popular, traffic spikes can cause lag or downtime if your hosting solution isn’t up to the task.

Services like Amazon Web Services (AWS), Google Cloud, and Microsoft Azure deliver scalable solutions that allow your platform to grow without compromising performance. They also provide built-in CDN (content delivery network) solutions to reduce latency and provide faster streaming for users around the globe. CDNs distribute content across multiple servers worldwide so users can access it from the nearest location, reducing load times and buffering issues.

As your streaming business platform grows, you’ll need to ensure that it scales smoothly. A sudden influx of users, especially around new releases or exclusive content, can crash your servers if you’re not prepared. Implementing load balancing and auto-scaling solutions helps manage traffic effectively.

Player compatibility

Your platform’s video player is another crucial component when building a streaming service. Users access content through various devices—smartphones, smart TVs, tablets, and desktops—so your player needs to work seamlessly across all platforms.

  • Cross-platform functionality: Ensure your video player is compatible with different operating systems and devices. Using technologies like HTML5-based players can help ensure smooth functionality across devices without needing multiple custom solutions.
  • Adaptive streaming: Adaptive bitrate streaming automatically adjusts the video quality based on a user’s Internet connection. This ensures that users with slower connections still get a smooth streaming experience, while users with high-speed connections can enjoy high-definition content.

Data security and privacy

In the age of data breaches, it’s essential to protect your users’ data. Implementing SSL certificates, encryption protocols, and secure payment gateways are the first steps in safeguarding sensitive information.

DRM (digital rights management) technology helps prevent unauthorized access and piracy of your content. Platforms like Widevine are widely used to encrypt and secure video streams, ensuring that only paying users have access.

Widevine main page

If your streaming business platform operates in regions with stringent data privacy laws, such as the European Union (GDPR) or California (CCPA), make sure it adheres to these regulations. Failure to comply can result in hefty fines and damage to your platform’s reputation.

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User experience (UX) and user interface (UI) design

UI/UX design is a critical differentiator in a crowded streaming business market. Poor UX can drive users away even if you have the best content. Focusing on ease of use, intuitive navigation, and personalization will guarantee that your users keep coming back.

Simplified onboarding process

A frictionless onboarding experience sets the tone for how users interact with your platform. Below, you can find how to make the process seamless.

Social logins

Users can sign up using their existing social media accounts or Google/Apple IDs. This reduces the time and effort needed to create an account, eliminating the need to fill out lengthy forms. Users appreciate the convenience, and social logins can help you tap into their social networks for future marketing.

Quick tutorials

Incorporating a quick tutorial or walk-through upon signing up can familiarize users with your platform’s key features. This is particularly useful for introducing new users to features like personalized playlists, content recommendation engines, or social sharing capabilities.

User profile customization

Allowing users to set up and personalize their profiles gives them a sense of ownership. They can select preferences like content genres or language options, which helps tailor their experience with personalized recommendations.

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Intuitive navigation

The design of your streaming business platform should be intuitive enough for users to find what they’re looking for without hassle. The following considerations can improve navigation:

  1. Search and filtering: Offering robust search and filter options is essential. Users should be able to search by genre, actor, director, mood, or rating. Filters can also help users find content that aligns with their interests—content for kids, international films, or exclusive releases.
  1. Categories and playlists: Group content into easily identifiable categories like “Top Picks,” “Trending,” or “New Releases.” Also, offering curated playlists or content bundles (e.g., “Binge-worthy Series” or “Documentaries to Watch this Month”) can guide users through your library and promote extended viewing.
  1. Responsive design: Since users access streaming services for business through various devices, it’s crucial to have a responsive design that works equally well on smartphones, tablets, smart TVs, and desktops. Consider optimizing your platform for different screen sizes to ensure a fluid, user-friendly experience.

Personalization and recommendations

Personalization has become a defining feature of many successful streaming services for business, such as Netflix’s recommendation engine. By leveraging machine learning algorithms, you can recommend content based on a user’s viewing history, ratings, and likes/dislikes.

Content curation

Personalized content recommendations enable users to engage more with the platform, improving retention rates. Machine learning (ML) algorithms can analyze viewing patterns and suggest shows or movies based on what similar users are watching.

Push notifications

Sending personalized push notifications can boost engagement. Whether alerting users about new episodes of a show they follow or suggesting similar content, notifications help bring users back to the platform regularly.

Monetization strategies 

Once your streaming business platform is live, monetization becomes a top priority. Depending on your target audience and content model, you can implement several proven strategies.

Common monetization tactics

Subscription models

Subscription-based streaming services for business, often called SVOD (subscription video on demand), have proven to be highly successful. Users pay a recurring fee—usually monthly or annually—for unlimited access to their content library.

  • Tiered subscription plans: Offering tiered pricing plans gives users flexibility. For instance, you can offer basic, premium, and family packages with varying levels of access or perks like ad-free viewing, HD/4K streaming, or early access to new content. Platforms like Disney+ have successfully used this model to cater to a broad audience.
  • Free trials: They are a great way to attract new users. A one-week or one-month free trial can encourage people to sign up and explore your platform. However, make sure to prompt users to convert them into paying subscribers near the end of their trial period.
  • Bundling with other services: Partner with other companies to bundle your streaming service with other products. For example, partnerships with Internet service providers, smartphone manufacturers, or telecom operators can expand your reach. Amazon Prime Video, for instance, is bundled with Amazon Prime’s e-commerce benefits, making it more attractive to users.

Ad-supported streaming

Another popular streaming business monetization method is AVOD (ad-supported video on demand), where users can access content for free but are shown advertisements at intervals.

Targeted advertising

Advanced targeting allows advertisers to deliver specific ads based on users’ preferences and demographics. This can make ads more relevant, increase ad revenue, and improve user experience. Streaming platforms like Hulu offer both subscription-based and ad-supported models, giving users options based on their preferences.

Dynamic ad insertion

Dynamic ad insertion allows you to insert ads into the video stream in real time, making it more personalized for each user. This technology improves the user experience and increases ad revenue by serving relevant ads based on the viewer’s profile and interests.

Sponsored content

Partnering with brands to create sponsored or branded content can offer an additional revenue stream. You can work with brands to produce exclusive series, documentaries, or even short-form content that aligns with your platform’s target audience.

Pay-per-view (PPV)

To create your own streaming service, you can use this approach for concerts, sports, or special performances. Users pay a one-time fee to access specific content, which can be an effective strategy for platforms offering exclusive or niche live content.

Platforms like Triller TV have successfully monetized live events through PPV. Whether it’s a sporting event, a concert, or a webinar, users are often willing to pay for exclusive access to live content they can’t find elsewhere.

Triller TV main page

Another strategy is to offer packages around specific events. For instance, you can create bundles of content related to a major event like a music festival or sports tournament, attracting viewers to your platform for a limited time.

Hybrid monetization approaches

Combining multiple streaming business monetization strategies can be the most effective way to maximize revenue. For example, you could offer a basic free plan with ads (AVOD), while giving users the option to upgrade to an ad-free experience through a subscription (SVOD). Disney+ has recently adopted this hybrid model, offering ad-supported and ad-free subscription options.

Disney+ main page

Thus, by experimenting with different monetization strategies and listening to user feedback, you can optimize your approach to generate revenue while providing value to your users.

How to monetize your streaming platform?
Convert the entertainment into a profitable solution.

Marketing your streaming service 

Сreating a streaming service is only half the process. It would be best to have an effective marketing strategy to reach your target audience and build a loyal user base.

Brand awareness

Before starting a streaming channel, it’s vital to build awareness around your brand. Use social media, content marketing, and partnerships to get your brand in front of potential users.

It is important to create a strong brand identity that resonates with your target audience. This includes a memorable name, logo, tagline, and visual style. Your brand should reflect the niche you’re targeting, whether it’s an edgy platform for indie films or a family-friendly streaming service.

Using PR can generate buzz for your platform before launch. Secure media coverage, interviews, and reviews from industry experts and influencers. Hosting launch events, virtual screenings, or influencer collaborations can help create excitement around your platform.

Social media marketing

Social media is a powerful tool for constructing a community around your streaming as a service. Platforms like Facebook, Instagram, TikTok, and Twitter allow you to engage with your audience, share updates, and promote new content.

Famous social platforms

Content teasers and trailers

Create engaging content teasers and trailers to showcase upcoming releases or highlight your most popular shows. Sharing exclusive behind-the-scenes footage, interviews with actors, or sneak peeks can generate excitement and anticipation.

Hashtags and challenges

Utilize popular hashtags or create your own to encourage user participation. Social media challenges related to your shows or events can quickly go viral and increase user engagement. For example, TikTok challenges can prompt users to create and share their own content based on your platform’s shows.

Influencer partnerships

Collaborating with influencers who have large followings can expand your platform’s reach. Influencers can help promote your streaming business service to their audience through sponsored posts, reviews, or collaborations.

  • Micro-influencers: While partnering with big-name influencers can be effective, don’t overlook micro-influencers. These are individuals with smaller but highly engaged followings who can have a significant impact within niche communities. For instance, an influencer within the fitness community could promote your streaming platform’s workout content.
  • Affiliate programs: Implementing an affiliate program allows influencers, bloggers, and content creators to earn commissions by referring users to your platform. This can incentivize influencers to promote your service regularly.

Launch and growth

When your platform is ready, it’s time to launch. However, the work doesn’t stop there. To stay competitive, you need to ensure continuous growth and improvement.

Soft launch vs. full launch

A soft launch allows you to test your platform with a smaller audience before going live to the general public. This can help you identify any technical issues, enhance the user experience, and make critical adjustments based on feedback.

  1. Beta testing: During the soft launch, invite a select group of users to test your platform and provide feedback. This group can include influencers, industry experts, or loyal followers. Test across various devices and Internet speeds to ensure consistent performance.
  2. Full launch: Once you’ve resolved any issues identified during the soft launch, you can proceed with a full launch. Ensure you have sufficient marketing efforts to create awareness and drive traffic to your platform on launch day.

Data-driven growth

Post-launch, focus on gathering and analyzing data to drive growth. Track key metrics like user acquisition, retention, and engagement rates. By monitoring these KPIs (key performance indicators), you can make data-driven decisions to improve your platform.

Regular A/B test new features, design elements, and marketing campaigns to optimize performance. For instance, testing different homepage layouts or subscription pricing can help determine the best options to maximize user retention and conversion rates when building a streaming service.

Focus on building long-term relationships with users by implementing loyalty programs, rewards, and personalized content recommendations. Engaging users through email marketing, in-app messaging, and social media can keep your platform top of mind.

Development expertise at Intobi

Over the years, we’ve partnered with clients from diverse industries to bring their vision to life. Our experience covers the entire process, ensuring that each solution is tailored to meet our clients and their audiences’ needs.

Here’s a breakdown of our approach across critical stages of development:

How Intobi build your solution

1. Product discovery

The foundation of any successful streaming business platform is laid during the product discovery phase. During this phase, we work closely with clients to understand their business goals, target audience, and competitive landscape.

We conduct thorough market research to understand the streaming industry’s trends, challenges, and opportunities. We analyze the competition to identify gaps our client’s platform can fill.

Defining the platform’s audience is important. We help clients profile their ideal users based on demographics, preferences, and behavior patterns. This allows us to tailor the content focus, user interface, and marketing strategies to attract and retain viewers.

In collaboration with the client, we determine the platform’s must-have features. Whether personalized recommendations, live streaming capabilities, or multi-device access, we ensure that the final product meets user expectations and offers a competitive edge.

2. Design

In the design phase, we transform ideas into a tangible, user-friendly interface. Our experienced UI/UX designers focus on creating an intuitive experience that keeps users engaged and returning for more.

Our UX design process is centered around simplicity and ease of navigation. We map out user journeys to ensure visitors can effortlessly browse, discover, and view content. From search filters to personalized playlists, we make every interaction seamless.

We also pay close attention to visual aesthetics. A visually appealing, responsive design is essential to making a solid first impression. We create custom UI designs that reflect the brand’s identity while being accessible across different devices, such as smartphones, tablets, smart TVs, and desktops.

3. Development

Then, we move into the development phase, where our engineering team turns the designs into a fully functional streaming platform.

Our development team works on both the streaming service’s frontend and backend systems. The frontend ensures a responsive and visually engaging user interface, while the backend handles complex functionalities such as video encoding, CDNs, and user management.

Streaming platforms handle vast amounts of user data, so we prioritize security. We implement robust security protocols, including encryption, access control, and content protection, to safeguard user information and prevent piracy.

4. Testing

Quality assurance is an essential phase in our development process. We perform rigorous testing to identify and fix issues before the platform goes live.

Our QA team extensively tests all platform features to ensure they work as intended. This includes testing the video player, payment gateways, and user account functionalities.

We ensure cross-platform compatibility since users will access the platform from various devices and browsers. This guarantees that the service works seamlessly across iOS, Android, smart TVs, and desktops.

5. Deployment

We move to deployment once testing is complete and the platform is fully optimized. This phase involves rolling out the streaming service to the live environment.

We assist clients in executing a smooth launch strategy, which may include a soft launch to a limited audience for final testing or a full-scale launch with marketing campaigns. Our team monitors the platform closely during the launch to address immediate issues.

6. Ongoing support

Our commitment to our clients doesn’t end after the platform is launched. We provide ongoing support and maintenance to ensure the streaming service’s long-term success.

We continually monitor the platform’s performance and address any bugs or technical issues that arise post-launch. Regular updates are also provided to improve functionality and user experience.

As the platform grows, we work with clients to introduce new features that align with user feedback and market trends. This could include adding more advanced recommendation systems, expanding content offerings, or integrating social media sharing.

Conclusion

Creating a streaming service from scratch may seem challenging, but with the proper planning, technology, and strategy, you can transform your idea into a profitable reality. Your streaming platform can attract and retain a loyal audience by focusing on user experience, content quality, and scalability. Success depends on continuous improvement, user feedback, and adaptability to modern trends and technology. 

If you need expert guidance, our software development company is the best choice. We specialize in creating robust, scalable solutions based on your requirements. Contact us to start building a streaming service that stands out!

FAQ

How much does it cost to start a stream?

On a basic level, you can start with minimal investment—using a smartphone/webcam and free streaming software. For a more professional setup, you might invest in a quality camera, microphone, lighting, and a capture card if you’re streaming from a console.

How to start a live streaming service?

Starting a live streaming service involves several key steps: defining your niche, selecting a platform, gathering equipment, setting up your streaming software, planning your content, promoting your streams, testing, and launching.

How much are 1000 streams worth?

The monetary value of 1,000 streams can vary widely based on the platform and the monetization model. For instance, on Spotify, artists typically earn between $0.003 and $0.004 per stream, which means 1,000 streams might generate between $3 and $4.

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