To make a live streaming website like Twitch Tv you can proceed with the following steps to achieve.
Step: 1 - Registering Domain
For stepping towards your 1st step you need to register a website domain with a classical catchy name. Keep your domain name simple, so that every visitors from world wide can remember your domain name easily for typing next time in browser (if not bookmarked your webpage).
Step: 2 - Web Hosting
So you are going to host a Live streaming TV. Then, get your own hosting space in cloud by signing with AWS or other trustable hosting communities with a maximum space of servers. Initially a limited space will be used in server hosting then it will be increased due to the no of visitors.
Stage: 3 - Video Sharing Website Design & Development
Based on the requirement of same like Twitch Tv, front end and back end integration's need to be done with admin friendly & user friendly features for making subscription from user point and as well admin section for handling several functionalities.
If you are in run then get readymade HD Video Share - A Live Streaming Scriptwhich is a quick solution to start an instant video streaming website.
Else you can move to development companies to develop with your own specification and the quote will be vary based on your requirements.
Step: 5 - Marketing your New born Website
To make more no of video watchers to your website, start digital marketing campaigns like SEO - Search engine optimization, SEM - Search engine marketing (Google Adwords, Search ads, Display ads and Remarketing etc) and Email marketing to reach out most of the peopl.
Hope this answer will be helpful for you.
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