How can i build an app similar to YouTube?

YouTube being the prominent player has changed the video streaming & Sharing industry to the whole with hours of new content uploaded every minute. Youtube allows to upload videos in all the genres like Music Video, Web series, Vlogs, Short Movies etc.

 Before jumping into the details of making an app similar to youtube let us clear some basics first.

Some Stats around Youtube : 

With over2 billion users every month and1 billion hours of video streaming everyday. There are no competitor in sight. With around million monthly users Netflix stands on the second spot. i.e one fourth of youtube users.

Some of the Things & Features to consider before developing app like YouTube :

1.      Expected average monthly user 

2.      Live Video Streaming Feature 

3.      Video Recommendation  

4.      Revenue Generation

For better and in depth understanding of How to build an app like YouTube – Cost, Features, Business Model I would like you to refer this blog.