Over-the-top (OTT) platforms have seen tremendous growth in India in recent years. If you’re interested in starting an OTT platform business in India, here are some key steps to consider:
Conduct Market Research: Research the OTT market in India to understand the competition, consumer preferences, and demand for different types of content.
Define Your Niche: Decide on the type of content you want to offer on your OTT platform. You can focus on a specific genre, such as movies, TV shows, sports, or news, or you can offer a mix of content.
Create a Business Plan: Develop a comprehensive business plan that outlines your goals, strategies, and financial projections. Your business plan should also include details on content acquisition, distribution, and marketing.
Register Your Business: Register your business as a legal entity, obtain necessary licenses and permits, and comply with all regulations related to media and entertainment.
Acquire Content: Acquire high-quality content that appeals to your target audience. You can source content from studios, production houses, independent filmmakers, and other content creators.
Develop a Technology Platform: Develop a user-friendly OTT platform that offers a seamless viewing experience on different devices. You can hire a technology team or use a third-party platform provider to build your OTT platform.
Create a Marketing Strategy: Develop a marketing strategy that targets your ideal customers and showcases the unique features and benefits of your OTT platform. This may include advertising, social media marketing, and content promotions.
Build Distribution Channels: Build distribution channels to reach your target audience. You can partner with telecom operators, cable operators, and internet service providers to offer your OTT platform as a bundled service.
Starting an OTT platform business in India can be a lucrative opportunity, but it requires careful planning and execution. By following these steps, you can create a successful OTT platform that offers high-quality content and meets the needs of consumers in a competitive market.
10 facts about OTT Platform Business India
Here are 10 facts about the OTT platform business in India:
- India is one of the largest and fastest-growing markets for OTT platforms in the world, with over 400 million internet users.
- The OTT market in India is expected to reach $14 billion by 2025, driven by the increasing demand for video content and the growing penetration of high-speed internet.
- Popular OTT platforms in India include Netflix, Amazon Prime Video, Disney+ Hotstar, Zee5, and Voot.
- The COVID-19 pandemic has accelerated the growth of OTT platforms in India, as people spent more time at home and turned to online entertainment.
- The Indian government has recently issued guidelines for OTT platforms, requiring them to classify their content into different age-based categories and set up a grievance redressal mechanism.
- The Indian OTT market is highly competitive, with both domestic and international players vying for market share.
- The most popular genres of content on Indian OTT platforms include Bollywood movies, regional language content, and original web series.
- The subscription-based model is the most common revenue model for OTT platforms in India, although some platforms also offer ad-supported or freemium models.
- OTT platforms in India are investing heavily in content production and acquisition, with a focus on creating original and localized content that appeals to Indian audiences.
- OTT platforms in India are also exploring new technologies such as augmented reality (AR) and virtual reality (VR) to enhance the viewing experience for users.
OTT Platform Business in India (Case Study)