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Netflix, LG in HDTV venture

The home movie service to offer instantly streamed movies on new set.

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By Larissa Padden, CNNMoney.com contributor
Last Updated: January 5, 2009: 12:02 PM ET

NEW YORK (CNNMoney.com) -- LG Electronics said Monday it will market a high-definition television set that will instantly stream movies from the video rental service Netflix.

The two companies said the new set will stream HD movies and television shows directly from Netflix without an external device.

The new model will be on display this week at the Consumer Electronics Show in Las Vegas.

LG (LGEIY) said the new HDTVs will rely on broadband connections and allow members to build their selections through the Netflix (NFLX) Web site.

Shares of Netflix rose 2% in early Monday trading.

Talkback: Have you tried to do a mortgage work-out? Was it successful or a failure? E-mail realstories@cnnmoney.com and your story could be included in an upcoming article.  To top of page

First Published: January 5, 2009: 9:34 AM ET

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