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how video streaming services work?

hey all, i want to know how services like Netflix, hulu, twitch work.
this is purely for the purpose of gaining knowledge. and i cant find the right keyword which will lead me to such information.
i am not talking about some basic knowledge, i want to learn this in details. like how they calculate server requirements, how they are doing load balancing and content delivery world wide, which hardware is the priority for such services and how some services making money off less then 5$/month per user after paying server bills, content creator, employee and other.
is there any basic calculation for this industry? or any special hosting requirement?

if you have any info drop it down, will be much appreciated :)

PS: suggestion to some free/cheap lecture or ebooks will also help.

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