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3rd party content service expands the variety of contents that IPTV usually distributes and opens the opportunity to create new and attractive content to anyone. However, the hosting service for 3rd party content demands high cost. Therefore, IPTV provider needs an effective strategy of resource management to minimize the cost. Thereby, the cost function is based on the IPTV management of content including storage and distribution. This paper proposes three cost-based policies management. In addition, we design an experiment to evaluate each policy for two types of 3rd party content service i.e. static and dynamic and suggest the least-cost policy management that complies with Service Level Agreements (SLAs) delivering the 3rd party content in the shortest period of time.