Drop the cable bill, YouTube has officially announced a new live-TV service. After years of negotiating with major networks, the video-sharing website detailed a new subscription service that allows users to stream up to 40 networks. Optimized for desktop or mobile, the service allows users to watch on any device.

At $35 a month, users will have access to a mix of premium broadcast and channels. This includes major networks like CBS, ESPN, ABC, NBC and Fox. It also means premium channels like Syfy, National Geographic, FX, Freeform and USA, among others. While this could change, HBO, Scripps, Viacom and Time Warner are not currently on the list.

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The only downside to YouTube’s TV offering is that everything is ad-supported. YouTube Red, which eliminates ads and offers original series and movies, is not part of the TV package. In addition to no long-term contracts, there are some major upsides if you can stomach the ads — such as not having to worry about the paranoia that comes with sharing your Netflix password. YouTube TV offers up to six accounts with three accounts streaming at once (Hulu’s own upcoming TV service only allows two simultaneous streams).

YouTube TV will only be available to users in the U.S. in select markets, including L.A., New York and Philadelphia. The service is currently offering sign-ups now on its homepage. [Deadline]