LG Electronics has announced a new Blu-ray Disc player with Netflix streaming capability. The LG BD300 Network Blu-ray Disc Player will give Netflix subscribers the ability to instantly stream movies and television shows to their TV for no additional charge. The BD300 also plays BD-Live enabled Blu-ray titles, upconverts standard DVDs to 1080p and offers support for LG's SimpLink technology.

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Building on a groundbreaking technology partnership announced earlier this year, LG Electronics and Netflix, Inc. (Nasdaq: NFLX) today announced plans for the first Blu-ray disc player that will have the added benefit of being able to instantly stream a growing library of movies and TV episodes from Netflix directly to the TV.


Available this fall, the LG BD300 Network Blu-ray Disc Player will play high definition Blu-ray discs, up-convert standard DVDs to 1080p and allow Netflix subscribers to instantly stream more than 12,000 choices of movies and TV episodes from Netflix to the TV for no additional charge.

 
While LG has not announced a price, Reuters is reporting that the BD300 will be priced "well under $500." If you'd like to read more, LG's entire press release can be found here.