Is it possible to use an iMac as a TV replacement?

I have a spare M1 iMac and don’t want to buy a new TV. I’m in UK and mainly use Apple TV, Netflix and iPlayer. No TV aerial. Is there a way to use iMac instead of a TV? Any apps to replace remote control?

Use an iPhone or iPad and the Apple TV app and AirPlay to display purchased and subscribed content to your iMac

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