I guess this is the tool, from OPs submission history: https://m3u-editor.com/
It's used for many reasons, but I personally got a subscription at an IPTV provider to be able to offer my French girlfriend to keep watching her French TV channels while living in the Netherlands.
That said, my service does not offer IPTV, simply an editor to users who already have their own IPTV subscription.
I guess IPTV was coined to adress TV via Internet, as opposed to over the air (we do not have cable here)
With the trend toward illustrations and mocked up interfaces it seems like many SaaS companies leave out actual screenshots these days.
To me that’s an important gauge for whether I’m going to have a decent user experience if I sign up (even if it’s just flat screenshots with no explanations)...