Britain’s biggest broadcasters has announced their latest collaboration: the development of a new free TV service that will deliver live TV over broadband.

For the first time for free, British viewers will be able to easily browse and watch live TV channels together with on-demand content streamed straight to their smart TV via the internet.

Set for launch in 2024, the new service, called Freely, will be built-in to the next generation of smart TVs and feature a line-up of public service broadcaster content and other free-to-air channels. It will replicate the terrestrial TV experience, building on the heritage and popularity of the Freeview TV platform, currently used in 16 million homes.

As viewers increasingly consume content online, this next phase for free TV is about the distribution and availability of the PSBs’ live channels for a streaming age.

It will help ensure the availability of PSB services into the future and complement the new provisions for on-demand and streaming prominence, set out in the draft Media Bill.

Freely has been developed by Everyone TV, the organisation which runs free TV in the UK and is jointly owned by the BBC, ITV, Channel 4 and Channel 5.

Jonathan Thompson, chief executive of Everyone TV, said: “We are delighted to be working with the public service broadcasters on the next phase of free TV’s evolution. This new development is a reflection of the fact that a growing number of UK viewers are watching content online, but still want easy access to the shared experience of live TV.

“Our aim is to ensure that all viewers have access to a free, aggregated live TV experience that champions British content and is delivered in a way that suits audience needs and preferences. Every one of us should be able to share in the best of British ideas and creativity on TV.”