That’s fine for folks with a “smart” TV and Internet access for it, or folks who don’t mind watching TV on tablets and cell phones (not me). But smart TVs are only 32% of US households today, so your solution is not a general solution for most cable and satellite TV subscribers.
https://www.consumerreports.org/broadband/internet-fast-enough-for-streaming-broadband-speed/
Look at the graphic partly down the page for speeds needed for HD and 4K.
My mother has an eight year old ROKU that uses wireless to her non-smart TV.