OTT (over-the-top) video is one of the biggest trends in professional content delivery. Million people are moving to online streaming and ditching their cable subscriptions. This has increased OTT businesses to monetize their content with ease. Read the blog on OTT video monetization strategies that help you make great profit in no time.
What is OTT Video?
OTT video is a way of broadcasting that transmits content over the internet. Over-the-top video is the best alternative to the traditional ways of broadcasting, including cable and satellite.
The benefit of OTT content is that viewers can access high-quality video content from any device with an online connection like smartphones, smart TVs, laptops, tablets, and more. This helps to eliminate the need for a mess of cords and bulky hardware.
Services that use OTT technology to deliver video content include top players like Netflix, Hulu, Prime Video, Disney+, and more. As OTT streaming is becoming popular, there are endless opportunities for professional content creators and broadcasters to monetize it.
What is OTT Video Monetization?
OTT video monetization simply means ways to generate money from your streaming content in one or another way including AVOD, SVOD, TVOD, etc.
Statista report shows that the number of households not paying for traditional TV services has reached 31.2 million in the US.
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More than 24.6 million households have cut the cord in 2019; this figure is predicted to increase by 46.6 million by 2024. Now, most people are accessing video content, including TV series, movies, news, documentaries, talk shows, and the internet. Broadcasters are taking benefit of this growing trend by delivering their content on OTT platforms. Explore the article to learn how to monetize your streaming content.
Ways to Monetize Your OTT Video Content: Learn Every Here!
To begin monetizing OTT video, it becomes vital for you to choose the best OTT platform script that is equipped with all monetization features. The video streaming platform comes with all essential features that make it easy to upload, manage, host, stream, deliver, and monetize video content globally.
Once you choose the right streaming platform to monetize streaming content, your process becomes quite easier. Make all the monetization settings and configure the same for every video and add a payment option so that you can easily collect the earned revenue with ease. Let’s check different modernization ways that you can choose to monetize OTT video.
Advertising (AVOD)
This is one of the common monetization models. Advertising was used in traditional television for decades and has improved with advanced OTT video streaming.
One of the best examples of this method is YouTube‘s ad-based monetization model.
Rather than paying cash for video access, users spend around 10 seconds viewing an ad for which the sponsor pays to OTT platforms. AVOD can be an effective source of income, but it requires attracting a large viewership.
Monetizing with Pay-Per-View (TVOD)
The transaction is another way to monetize your OTT video content. In simple words, viewers have to pay for every content that they choose to watch; this is known as “pay-per-view.” This model is followed by iTunes and many other OTT players as well. If you want to rent a specific episode or movie, you just have to pay for that piece of content.
This model is lucrative similar to AVOD. If your audience is motivated to watch your streaming content, you can easily generate high income through transactional video monetization. OTT platforms typically deliver an integrated system for transactional video access.
Subscriptions (SVOD)
The third primary monetization model for OTT video is a subscription. A common example of this model is Netflix.
Platform users have to pay regular fees to gain unlimited access to a library of video content. OTT video platforms integrate subscription payments into the services.
Ending Note
OTT video is present as well as the future of professional broadcasting. You can explore this growing industry to find yourself at the top as it blooms to its potential. When it comes to OTT video monetization, you undoubtedly have many ways to generate steady income.
You can select any from ad-based, pay-per-view, or subscription models as per your requirements. Finding out how to use monetization methods that work for you in a multi-device and web-driven ecosystem must not be challenging. Having access to the right tools like online video platforms make it easier for you to monetize content and keep your video streaming platform operational.
Author Bio
Dilshad Durani is a seasoned Digital Marketer and Content Creator currently contributing her expertise to the dynamic team at Alphanso Technology, a leading company specializing in Soundcloud clone and YouTube Music clone development. Her insatiable curiosity fuels a relentless pursuit of knowledge, driving her to unravel the intricacies of changing trends, evolving marketing approaches, and ethical business practices.
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