Once you have internet access that is hopefully 'unlimited' and fairly speedy, you can stream TV shows and movies to video playing devices such as your laptop, tablet or smartphone.
A glance through the Apple App Store tells me that the ABC, A&E, CBS, CW, History Channel, Lifetime, NBC and USA networks all have apps from which you can 'on demand' view full length episodes of selected shows. Some networks will give you certain older episodes for free, but charge you a monthly subscription fee to see entire seasons or the most recent episode. A lot of these apps seem to stream video to U.S. viewers only.
Additionally, there are websites available through desktop and laptop internet browsers that provide no-cost movie and TV show content, such as the 'free' version of Hulu.
Fine dining: Finally, there are those who have cut their cords not necessarily for financial reasons, but to better personalize their viewing options through 'a la carte' offerings, and/or to make a point to cable monopolies providing overly expensive packages and poor customer service. When you add up all of the options below, your overall cost may end up being similar to your currently bloated cable bill, but you'll have more flexibility and control.
First, with a high-speed internet data plan and home media hardware (TV, speakers), you can hook up little set top receiver boxes, such as Roku, AppleTV, Chromecast, or Amazon Fire players. All of these boxes will stream onto your TV the internet content provided by common providers such as Netflix and HuluPlus (the 'premium' version), while various players will offer different content. If you already own a large video collection purchased through Apple's iTunes Store, then the AppleTV box might be your preference. If you have Amazon's Prime Service, the Amazon Fire player may be a better choice. If you like YouTube videos, make sure your box selection accommodates that platform. Google's Chromecast is useful for 'casting' content from your mobile device onto your big screen TV. The prices and features of these boxes vary, so you'll need to do some research on which one(s) best meet your needs.
Finally, you'll add on your monthly subscriptions, including HuluPlus for $8 a month (mobile device streaming, Korean dramas, and full TV seasons), Netflix for $9 (movies, TV seasons, documentaries), and/or Amazon Prime (where your annual $99 membership fee for expedited shipping includes free video streaming offerings, go figure).