Cut out the sports, news and local channels, and suddenly live TV is cheaper than ever. A new multichannel live TV streaming service called Philo launches today, and it's just $16 per month.

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At $20 a month, Philo TV is the least expensive of the major live TV streaming services. This is most likely because Philo does not include any local stations or sports stations.

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Though Philo TV does not have local channels, you can access 63 basic cable channels that the platform combines into one streaming service. The major benefit of Philo TV is its price — it's one ...

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Philo does not include local channels, or sports packages. How much does Philo cost? Philo is one of the cheapest options available for cord-cutters, costing a thrifty $25 per month to subscribe.

Where it is slightly different from its peers, however, is Philo does not include local channels or live sports packages in its streaming subscription. It also does not come with an ad-free option.