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The dilemma
In today's rapidly evolving digital landscape, video businesses find themselves at a crossroads when choosing between building a custom OTT platform from the ground up or opting for a white label solution. Balancing factors like budget constraints, time-to-market pressures, unique feature requirements, and the need for seamless user experiences bring an intricate challenge.
Before diving into the specifics of Build or Buy, it's important to note that regardless of the platform's technological aspects, the quality of the content you provide will be a key driver in attracting and retaining an audience. High-quality, engaging, and unique content is the linchpin of any successful OTT service. As the adage goes, "Content is king."
Buying a ready-made solution allows you to focus on curating quality content right from the get-go. The quicker you can launch your platform, the sooner you can start attracting an audience with your standout content.
Developing a platform in-house requires a significant investment in terms of both time and human resources. By opting to buy, you can allocate more of those precious resources to creating or acquiring top-notch content.
Building a platform requires a deep well of technical expertise, but so does creating quality content. Buying allows you to put your in-house talent where it might be more valuable: on content creation and curation.
With a quicker ROI from buying, you can reinvest the profits into improving your content library or even funding original productions. In contrast, the costs of building and maintaining a platform can divert funds from your content budget.
Established third-party solutions often come with a proven track record in providing a smooth user experience. A better user interface can enhance content discovery and engagement, making it easier for your audience to find and enjoy your high-quality content.
As OTT technology evolves, keeping your platform up-to-date will require continuous investment. Buying ensures you're benefiting from the latest features and integrations, allowing you to adapt more swiftly to market demands, which in turn helps to better showcase your quality content.
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