The traditional way of watching entertainment is no longer relevant now. The Covid-19 pandemic resulted in theatres shutting down their doors. Users want an economical, comfortable, and safe experience while watching movies. Hence, the “Over-the-Top” (OTT) industry has grabbed the spotlight. Hulu is a well-known video-on-demand (VOD) platform.
The American live streaming platform is controlled and managed by Walt Disney. It is expected to earn a revenue of $9.7 billion by the end of 2021. Importantly, 33% of the income will come from advertisements.
The global OTT sector will cross a value of $438.5 billion by 2026. It will grow by a high annual rate of 19.1% for the next 5 years. Hence, this is the right time for entrepreneurs to establish a customized Hulu clone in partnership with a reputed app development company.
What is the meaning of the Hulu clone Script?
- It is a white-label online entertainment solution. Knowledgeable developers create well-functioning Android and iOS apps for users. It is cross-platform compatible and works 24x7.
- Further, a modern web panel displays real-time information about new releases, past TV shows, and the various subscription plans.
- Besides that, a sturdy admin dashboard enables the swift registration of new users. It also keeps a close watch over the day-to-day business operations.
What are the revenue streams from the Hulu clone?
An awesome app like Hulu offers consistent income for techpreneurs. They pocket revenue from content licensing fees, subscription plans (Hulu - No Ads and Hulu + Live TV), publishing of targeted advertisements, and transaction processing charges.
Wrapping Up
Above all, Hulu is the fastest-growing Over-the-Top (OTT) platform in the world. It has to compete heavily with Amazon Prime Video, HBO, Netflix, Paramount Plus, and Tubi in the future. In particular, the Hulu video-on-demand (VOD) app is becoming a hub for animation, comedy, mystery and science fiction movies. The American entertainment platform is also focusing more on sports leagues like NBA, NFL, and NHL.
Hence, clever entrepreneurs can modernise the future of the entertainment industry by initiating Hulu clone app development. Get a high-end Hulu clone now and witness the best business results soon.
