The majority of the content today is found engaging and attractive when it is in a video format. Video on demand has been a great idea to manage online pre-recorded content deliveries for a long-time approach. On-demand videos are the recorded videos uploaded on various video engagement platforms. It allows videos to get stored in a compressed format and makes them available at viewers’ comfort.
Videosdk.live brings its on-demand video facility with the most amazing experience for viewers. We make sure to deliver the facilities with a trouble-free approach. You can always connect with us for any queries and help. This blog describes the pricing of our Video-on-demand facility.
Calculation of the Cost of Video-on-Demand facility
A pre-recorded video requires an on-demand facility for uploading it on streaming platforms. A video is composed from raw data to a polished video in three steps.
1. Encoding 2. Storage 3. Delivery
- The total price of an on-demand video is the sum of the costs of all three components.
- The total cost= Encoding + Storage + Delivery
Pro Plan
A pro plan is a plan which is devised by videosdk.live to keep up with the costs for the viewers with an elementary approach.
Let’s understand the computation
Example 1 :
We can observe how the price computation for a month.
To make an observation :
- The encoding price is only charged once for a lifetime.
- The video will not comply with further encoding costs for the next time
- The lifetime encoding cost does not fall with any other video uploaded by the source
- Storage costs will be computed for each month.
- We calculate costs on 100% of the video
Lifetime video encoding= $0.05 per minute; Per month video storage= $0.003 per minute
As we see, the image explains the cost with a resolution of 1080p. Similarly, the cost can also be calculated for different resolutions as well. Let’s take the same example.
Calculation of cost for Video-on-demand
Total Minutes= 30; Total Views= 100
Encoding- 30 x 0.05= $1.5; Storage- 30 x 0.003= $0.09
- Resolution- 240p; Unit price per Minute- 0.0004
Calculation- Delivery= 30 x 100 x 0.0004 = $1.2
Total cost at 240p= 1.5 + 0.09 + 1.2= $ 2.79
2. Resolution- 360p; Unit price per Minute- 0.0006
Calculation- Delivery= 30 x 100 x 0.0006 = $1.8
Total cost at 360p= 1.5 + 0.09 + 1.8= $ 3.39
3. Resolution- 480p; Unit price per Minute- 0.0008
Calculation- Delivery= 30 x 100 x 0.0008 = $2.4
Total cost at 480p= 1.5 + 0.09 + 2.4= $ 3.99
4. Resolution- 720p; Unit price per Minute- 0.0010
Calculation- Delivery= 30 x 100 x 0.0010 = $3
Total cost at 720p= 1.5 + 0.09 + 3= $ 4.59
5. Resolution- 1080p; Unit price per Minute- 0.0012
Calculation- Delivery= 30 x 100 x 0.0012 = $3.6
Total cost at 1080p= 1.5 + 0.09 + 3.6= $ 5.19
Let's take another example and look at the pricing where the streaming minutes are increased. This example will let you understand the calculations with change in different units- Minutes, or Views, or both.
Example 2;
Calculation of cost for Video-on-demand
Total Minutes- 150; Total views- 100
Encoding- 150 x 0.05= $7.5; Storage- 150 x 0.003= $0.45
- Resolution- 240p; Unit price per Minute- 0.0004
Calculation- Delivery= 150 x 100 x 0.0004 = $6
Total cost at 240p= 7.5 + 0.45 + 6= $ 13.95
2. Resolution- 360p; Unit price per Minute- 0.0006
Calculation- Delivery= 150 x 100 x 0.0009 = $6
Total cost at 360p= 7.5 + 0.45 + 9= $ 16.95
3. Resolution- 480p; Unit price per Minute- 0.0008
Calculation- Delivery= 150 x 100 x 0.0008 = $12
Total cost at 480p= 7.5 + 0.45 + 12= $ 19.95
4. Resolution- 720p; Unit price per Minute- 0.0010
Calculation- Delivery= 150 x 100 x 0.0010 = $15
Total cost at 720p= 7.5 + 0.45 + 15= $ 22.95
5. Resolution- 1080p; Unit price per Minute- 0.0012
Calculation- Delivery= 150 x 100 x 0.0012 = $18
Total cost at 1080p= 7.5 + 0.45 + 18= $ 25.95
Enterprise plan
An Enterprise Plan is a plan for companies that pre-record and upload videos regularly and demand increasing viewers on their platform. We bring this plan to promote mass engagement at affordable prices.
Contact Support for the best pricing deals.
Amazon Web Services (AWS) Video-on-Demand Pricing
AWS is a popular name among the providers of on-demand video services. To be on point, it provides on-demand services in two specific resolutions- 1080p and 4K. We will focus on the 1080p resolution for this blog.
Note that: AWS works with only two resolutions. It does not service in video resolutions lower than 1080p. Where other companies make a provision of on-demand videos with different resolutions i.e., 240p to 1080p, and AWS only provides the VoD facility with 1080p resolution.
AWS calculates its pricing based on GB. We have converted the pricing units into minutes to make a better understanding of the pricing concept. We have explained unit conversion in the coming part of this blog.
AWS Pricing at 1080p per minute
Encoding= $ 0.062
Storage= $ 0.0024
Delivery= $ 0.003
Calculation of costs in Minutes or GB?
Calculating the cost of on-demand videos can be done in either of the ways. Some companies compute costs with GB, the reason being they provide multiple services and prefer keeping a unified unit for all.
While other companies prefer calculating costs through the video minutes to make calculations effortless for their clients. A video is always uploaded in minutes, therefore calculation in minutes is easy and not challenging. Videosdk.live calculates costs based on video minutes.
How to convert GB into minutes?
This is a simple table that describes the ratio of GB to minute.
Comparison
Videosdk.live and AWS both work on an identical aspect and that is providing the best quality videos for playback. We have distinguished these two based on their pricing policies.
Note that we have converted the on-demand video units of AWS into minutes from GB to make an unbiased comparison of pricing.
On comparing the prices and quality of both the companies, it can be well observed what calls for a better choice. Videosdk.live comes up to be an affordable approach for the VoD facility when we compare it to AWS. Nothing is distinguishable, the quality, the deliverables, the features. Everything is identical, still, there’s a huge pricing gap.
AWS deals in the resolution of 1080p and videosdk.live provides the VoD facility in multiple resolutions, we observe a price variance. Even on comparing the 1080p resolution of both the companies, there is too a huge price difference, let’s just double it!
