You can buy unlimited storage to make live video streaming sites. or just like Jio Music android app make an app and can be host your all songs in the fast streaming server like digital ocean.

Yes, you can host your website on digital ocean but you need to have unlimited storage plan as you have seen other sites like hotstar, Jio Saavn app, Sonyliv app, they have huge amount of users and data and to serve the data to huge amount of users company need to have unlimited storage account otherwise everything is going to crash in no time.