Right features and size of server for my entertainment portal.?

[system]

I am planning to create an entertainment portal for my university mates in Australia. The portal will have the category of movies, tv shows, live web tv, songs, etc. and the account holder will be able to enjoy all the facilities of the entertainment portal through live streaming for that I will be using wowza live streaming solution.

I have one vacant Amazon hosting server, Although the server is managed by Cloudways unlike the conventional AWS server which has to be managed by the consumer himself. The server configuration mainly consists of:

RAM 8GB

Storage 20GB

vCPU 2

Bandwidth 2GB

While the other features includes:

24/7 Support

Optimized Stack

Managed Security

Dedicated Firewalls

Unlimited Staging Areas

1-Click Server Cloning

1-Click App Install

Easy Application Management, etc.

[system]

Our minimum hardware requirements can be found on the page below.
https://www.wowza.com/products/streaming-engine/specifications

We have an article on how to find the right hardware for your system.
https://www.wowza.com/blog/4-tips-for-sizing-streaming-server-hardware

We also have benchmarks regarding the usage of our Transcoder with specific details on the hardware that was in use.
https://www.wowza.com/docs/wowza-transcoder-performance-benchmark