Netflix has the largest library of movies, TV and award-winning original programming. With just a few clicks, you can be watching your favorite shows in no time. It's about $8 per month, which is a bargain compared to the cost of cable. However, it takes anywhere from 3 months to 1 year for newer shows to become available, so Netflix can also be an exercise in patience.
If you can't wait to see what happens next on your favorite show, Hulu Plus is another option. It costs $8 per month, which gives you access to full seasons of shows that are available before they hit Netflix. In many cases, new episodes of current shows are available online the day after they air. The downside is that you have to sit through commercials while you're watching your show, and you often can't fast forward through them.
Amazon Prime has the second largest TV library next to Hulu, but without ads. For under $7 per month you not only get streaming access to movies and television series, but you also get free 2-day shipping on Amazon purchases, as well as one free e-book per month. You have to pay extra to watch latest shows, but regular Amazon shoppers can more than make up for the cost with what they save in free shipping.
While these are all the biggest pros and cons of the top streaming providers, the choice is ultimately up to you. No matter which you pick, though, it will definitely be cheaper than cable.