It has 4000+ channels but also has two additional sections for on-demand movies and TV series. Each of these has a Netflix/Paramount+/Disney+ etc section that contains every movie/show on all of these platforms (hundreds for each) available with a single click and max quality.
I subscribe to 3 different paid media streaming platforms primarily for content-discovery. The only thing missing in the IPTV app is the recommendation algorithm and the 'featured/trending' movies.
Using a single IPTV service sounds nice, I'd love to be able to just use that...but the recommendation/reminder side seems to be a gap in the market, although I'm not sure there's enough of a market to justify a standalone service (ala last.fm vs Spotify).
IMDB does a poor job of recommending stuff, even though I rate every movie I watch. Seems to be a major oversight on their behalf.