Sports is honored with a ceaseless furor among the fans. From club soccer, cricket, rugby, baseball to chess matches, fans dependably purchase tickets to their preferred games. It is one such circle which has never observed a decrease in the income.
Every day, new games are being added to the broadcast rundown, and TV channels are communicating live games from a variety of genres. Nowadays, the furor for games has gone up in the sky with live streaming services broadcasting games straightforwardly to mobile apps and internet browsers.
Increasingly, the live sports streaming software have also gone extremely accessible with each day new streaming app joining the league with others like Hulu, Twitch, and YouTube Live.
How profitable are sports live streaming?
In a bustling life where a large portion of the general population don’t get time to watch their preferred teams playing on the TV, live streaming applications enable them to take a look regardless of where they are.
You can figure the notoriety of online live sports streaming by the fact that a critical populace in the US inclines toward watching games on Smart TV Apps or mobile apps regardless they can still watch the same on the traditional TV channels. It has occurred because of the growing popularity of live TV apps like Hulu, which enable clients to stream TV content through the web. As a result, there has been a decline in the market of traditional TV broadcasting as Apps like Hulu are offering the same in addition to extra benefits.
Just think of it in this way. Traditional TV channels are still being broadcasted in 480P, 720 P, and 1080i. Where platforms like Netflix, Hulu and Amazon Prime are offering the content in 4K quality. Today, users take OTT streaming as a perfect alternative to cable TV. In return, they get access to all the Cable TV content bundled with extra stuff like on-demand Movies, Web series, Live Sports streaming, and Originals.
One more factor that makes live sports streaming more popular is the grown penetration of internet in the developing and developed nations. The same has also helped new business joining the league and building new live streaming platforms with easily accessible Live Sports Streaming Software solutions in the market.
What’s the best way to monetize a sports streaming service?
Tickets. They have always been an effective way to monetize any sports event. People love watching live games and for that, they purchase tickets to the events. A sports streaming software can be built with a similar monetization model, where users can purchase the streaming for a particular sports event. We call it a Pay-Per-View (PPV) model.
The idea of PPV is exactly the same as selling tickets. You can set a price and ask users to purchase the stream in the same way you ask them to purchase the stadium tickets. Many of the live sports streaming software solutions come inbuilt with the PPV monetization model. You just have to look carefully to find a sports streaming software like StreamNow, which comes inbuilt with PPV and many other monetization channels. PPV is amazingly easy to set up with StreamHash and you can bundle it with others as well, for example, PPV with Ads or PPV with Subscription packages.
The future of live sports streaming is already bright. Check out this infographic to learn more amazing facts about sports streaming as a business that you perhaps didn’t know: