We still watch TV shows and Movies, periodically, but on a short-throw projector.
This takes up less room by day, of course, and because we have a convenient wall or blind to use as the screen it also doesn't lend to a 'circle of chairs around the TV' visual that I expect some people do not like. And, of course, if doing a genuine time-fill there's laptop, desktop, or tablet to catch up on something - though the comparatively low-quality experience seems to mean this happens less frequently.
Because it takes some small amount of effort to set up, and bulb life is a gentle back-of-mind consideration, we tend to watch TV in the evenings, and intentionally.
A perhaps subtle distinction, but I know enough people who've grown up with the TV on all the time, and who now find that so normal that they've inflicted the same thing on their own children. Visiting the homes of people with an always-on TV puts me in the same mood as having to listen to talk-back radio, anything with adverts, 'news' video+audio at train stations, and so on - viz. foul.
As an aside, decent projectors are around AUD $1k - less than a TV with a smaller display (albeit a better objective quality). For people who don't have an always-on approach to TV, it's a good option in terms of cost, experience and gentle encouragement of being more thoughtful with what / when you watch.