Tuesday, LG Electronics announced that starting 2009, their Blu-ray players would offer video streaming features from CinemaNow and YouTube, a tool that the company would be introducing at the Consumer Electronics Show (CES) that is to take place in Las Vegas from January 8 to 11.

LG released their line of networked Blu-ray boxes back in July, as part of a partnership with Netflix, which entailed that viewers were enabled access to over 12,000 movies and TV shows from the latter company.

The new deal with CinemaNow will offer customers access to 14,000 movies and TV shows from the company, along with the possibility of streaming millions of Web videos directly from the Internet to an LG Network Blu-ray Player so as to watch them on their TVs.

Tim Alessi, director of product development for LG Electronics USA, stated that the partnerships with CinemaNow and Youtube translated as a new means to cater for consumers’ need to more easily gain access to media content, need to which their downloading movies from the Internet stood proof.

Moreover, he added that the deals served to bridge the gap between packaged media and video-on-demand services in order to offer people ways to quench their thirst for entertainment content.

Currently, LG’s only network Blu-ray player is the BD300, priced at $350, but the company has informed that at the CES, a new line of such products would be brought forth.

Moreover, the company said that it expected to clinch deals with more streaming service providers starting 2009.