How Much Does It Cost To Make An App Like Netflix?

Netflix is nothing less than a giant in comparison to other of video streaming applications or platforms. In other words, it is a streaming service that offers a wide variety of several award-winning movies, anime, TV shows, documentaries to choose from, to thousands devices that are connected to the internet. Netflix initially started as a DVD-by-mail service. Now, Netflix has grown into one of the most used, enjoyed  and preferred  video streaming services in the world. The most best characteristic of this application is that it enables you to watch anything you like, whenever you like and for as long as you want to, without there being as little as a single commercial-all for one affordable monthly payment.

Not to mention, Netflix has around 86 million users globally, out of which 47 million users are from the U.S. Netflix’s revenue has grown from 1.36 billion to around 15.8 billion in just ten years. The number of Netflix subscribers have increased as well, growing from less than 22 million in 2011 to nearly 150 million last year. If you desire to develop an app like Netflix, written below is a precise summary of all the costs you need to consider before developing a similar application.

So let’s begin with the features.

All the must-have features to develop an app like Netflix:

The unique selling point of a mobile application is its feature enriched user interface, which ensures seamless user interaction with an app. Evidently, this can also apply to other video-streaming apps like Netflix. User-friendly features are undoubtedly the most significant reason behind the growing popularity of Netflix, like apps.

Hence people are now making the choice to abandon their television sets and  switch to these platforms instead. There are some must-have features that have ensured maximum user engagement on Netflix, like apps. Needless to say, these need to be integrated into any new app being built in the same category. The total cost of making an app like Netflix rests somewhere between  $30,000 to $50,000 for Android, iOS, Web Admin and Web services. Now, let’s take a look at feature related costs.

Key features for customers:

• Register/Login
• Mobile number verification
• Manage profile
• My account
• Recently added list
• My list
• Series list
• Trending now
• Search options (Title & Genre)
• Suggested shows
• Notifications
• Manage language
• Manage payment/billing
• Subtitle option
• Update
• Upgrade subscription

Key features for admin:

• Login option
• Manage customers
• Manage shows, movies & episodes
• Manage program categories
• Manage trailers view
• Manage genre
• Manage subscriptions
• Manage language
• Manage notifications
• Manage payments
• Manage CMS
• Manage promo codes and gift cards
• Manage featured programs
• Manage filters
• Manage all settings
• Manage shows to download

Factors that influence the price of development:

• Functionality requirements
• The number of team members
• Research complexity
• The type of an executing company

Cost breakdown of the app:

Giving a precise figure that depicts the cost of development of an app like Netflix is a difficult task. The reason being, that the cost can vary due to individual requirements. Moreover, the cost of development is determined by the time required to complete the entire process.

However, to give you a rough estimate, here is a breakdown of the costs in terms of three different categories which are: simple, middle and high. These three categories involve different features in regard to complexity. The cost of developing an app like Netflix on one platform are given below.

Simple Range:

• Design: $3,000
• Development: $12,000
• Backend & Dashboard: $14,000
• QA: $6,000
• PM: $2,000

Middle Range:

• Design: $4,000
• Development: $18,000
• Backend & Dashboard: $20,000
• QA: $9,000
• PM: $3,000

High Range:

• Design: $5,000
• Development: $24,000
• Backend & Dashboard: $30,000
• QA: $12,000
• PM: $4,000

The conclusion:

Now that all of the facts and figures have been carefully laid out, it is evident for everyone that competing with Netflix will not be easy. It might take many years to compete with its success, not to mention, all the time, effort and money that you will have to put in the process of making your own app profitable. Although if you are confident and feel that you are willing to take up this challenge, here in this blog, you will find enough information and inspiration to get started.

The bottom line of this entire discussion is that video streaming apps like Netflix are most certainly in great demand. Modern and fast-paced lifestyles require people to find entertainment sources on the go. Moreover, this presents a window of opportunity for those who want to build their own app in this segment, and you could be the next in line.

Through this blog, we have provided you with comprehensive information detailing what it will take to build an app like Netflix and how much the development of such an app will cost. However, in case you still have a few queries, feel free to contact us. We promise to make extraordinary effort to fully understand your unique requirements and fulfil them.