Setting up an IPTV server and other items to help

Hi I'm just wondering can anyone provide me some help, I'm a novice who has never set up a IPTV server before looking to setup a basics one as cheap as possible to test on few devices I have at home. Could anyone advise or send me tutorials of how I could beat do this? Also do I need to use a dedicated server for this job or will a virtual private server be ample only need it to have about 20 channels working and at most 5 users to start off.

Cheers
C
 
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