Of course, as long as you have a Blu Ray or DVD player, or a wireless device that connects to your Netflix or other online movie service. One note: from the day I properly installed this TV, it randomly shuts down without warning, indicating a serious design or assembly flaw. Beware.
Yes, but you need to access the internet to do this. There are a couple low cost options. Either use gaming system (Xbox/PS3) or you can now get a pretty good DVD or Blu Ray player with built-in wireless that comes with Netflix and other streaming video services installed for under $125.00 Connect either to the TV via HDMI cable (just get the $6 on Amazon) and you are good to go!