You can now watch live TV streams for free on your iPhone, iPod Touch and iPad.

FimOn is a free, high-quality TV streaming service that is broadcasting live streams from 25 popular channels including CNN, Bloomberg, NBC, BBC and ITV. Some channels are available in HD.

The best thing about FilmOn is that it does not need an app, you can watch the live TV streams on your iPhone’s mobile Safari browser.

As one would expect, the TV networks are not happy about this free streaming service and has filed a lawsuit against FilmOn.

But BTIG Research notes that:

FilmOn is backed by billionaire Alki David, who believes he is legally operating within existing US copyright law and plans to spend heavily to win his legal battle with the networks.

You can checkout a hands-on with FilmOn on the iPad below:

The quality of the live TV video streams is pretty good with very little lag. To check it out, go to filmon.com on your iPhone, iPad or iPod Touch.

You can also watch the live TV streams on your computer but need to download software for it.

The service is currently free but FilmOn plans to charge for it in the future.

Please don’t forget to come back to tell us what you think of FilmOn’s TV streaming service.

Update:

Some readers have reported that mobile Safari crashes when they try to load FilmOn. We've tested it on an iPad running iOS 3.2.2 and it works quite well. 

Thanks everyone for the feedback, keep them coming.