{"id":1901,"date":"2020-04-07T00:00:00","date_gmt":"2020-04-07T00:00:00","guid":{"rendered":"https:\/\/dev.appcluesinfotech.com\/how-much-does-it-cost-to-make-an-app-like-netflix\/"},"modified":"2020-12-18T06:22:10","modified_gmt":"2020-12-18T06:22:10","slug":"how-much-does-it-cost-to-make-an-app-like-netflix","status":"publish","type":"post","link":"https:\/\/www.appcluesinfotech.com\/how-much-does-it-cost-to-make-an-app-like-netflix\/","title":{"rendered":"How Much Does it Cost to Make an App like Netflix?"},"content":{"rendered":"

Knowing the influence of the internet in our lives today, it will be difficult to imagine our lives without it. There are a plethora of internet-based services that have revolutionized the world such as emails, blogs, social media and so many of them. The day we are today, would have not been the same, if these services were not available.<\/p>\n

It reminds us of one such portal that has been entertaining us for many years. Netflix, which every individual loves to watch and enjoy. Not a lot of you know about it, Netflix came up in the world even before Google.<\/p>\n

Yes, it is hard to believe but Netflix was founded in 1997 whereas Google was in 1998. Initially, it was providing DVDs through the traditional pay-per-rental model but soon after, in 1999, they launched the distribution of TV programs and movies. By the time they have established as an excellent entertainment provider company, it led to a successful IPO in 2002.<\/p>\n

Going down memory lane, back in 2002 Netflix made an offer to blockbuster for acquisition in $50 million which they denied. Now, Netflix is valued as a $20 billion worth company.<\/p>\n

The movie and TV show streaming company enjoys 60 million subscribers globally with a $5 billion yearly revenue. Back in 2006, the app also created a loop of the best recommendation algorithm which costs a million dollar. For improving the recommendation feature of titles, the application has spent $150 million on the improvement of the algorithm.<\/p>\n

Looking closely, it can be stated that Netflix has spent $12 billion on content creation and licensing in the year 2018. The report states that the number could reach upto $15billion in the year 2019. Every penny that is spent is to intensify the services of Netflix. Talking about what made Netflix so famous is \u201cHouse of Cards\u201d a Netflix original series won the Emmy award for outstanding direction.<\/p>\n

Factors Deciding the Cost of Netflix like Application<\/h2>\n

Having known such incredible thoughts about the application, learn about the factors that decide the cost of Netflix or YouTube.<\/p>\n

\"Factors<\/p>\n

These applications come under the database category apps, which requires a heavy backend for break-free data streaming making it one of the major cost deciding factors.<\/p>\n