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The detailed costing is basically correct. It may be helpful to consider the following MediaConvert pricing structures. See the references below.
- On-Demand transcode pricing vs Reserved Transcode Slots
- Basic Tier vs Professional Tier On-Demand pricing https://aws.amazon.com/mediaconvert/pricing/ https://aws.amazon.com/blogs/media/reserved-pricing-in-aws-elemental-mediaconvert-part-1-intro-and-how-to-use-it/
Note: Reserved Transcode Slots require a 12 month commitment and may run about 3x slower than on-demand transcodes.
If you can define On-Demand transcodes that match the Basic tier, that will allow for cost savings. Note the parameters that will trigger a Pro Tier transcoding, midway through the first reference.
Using QVBR encoding is definitely recommended, especially with Adaptive Bit Rate (ABR) protocols, like HLS and DASH. QVBR will provide a 25-40% reduction in the size of files transcode, compared to a CBR encode. This translates into reduced S3 storage costs and less CloudFront egress costs. When using QVBR, outputs should be evaluated to meet any video quality requirements.
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Hi Mike, thanks for your answer!
I just wanted to double check that Cloudfront 'Data transfer out to origin' is free, since I'm using S3 bucket for video storage? (My wording in the original post might have been a bit vague)
Thanks again.