It’s no secret that Netflix is the leader in the video streaming industry. By April 2020, the video streaming giant had almost 183 million subscribers. In 2019, the company’s annual revenue reached 20.15 billion U.S. dollars.
The best part? The demand for streaming services is growing, and most likely, it won’t stop any time soon. Now is the perfect time to create a streaming service like Netflix! But, how do you start a streaming service? What is the right strategy to build an app like Netflix, and how much will it cost? In this post, we will try to address all those questions. But, before you go any further, check out some facts and statistics about Netflix. Let’s begin!