“I'm getting a new bluray player and have an old analog receiver with no HDMI. Will this take the HDMI audio out from the player and allow it to be plugged into the RCA jacks in an old analog receiver for audio to be played over the external speakers?”
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Yes, but if you only need the stereo sound and don't need the video (yellow connector), then an HDMI audio extractor instead of a converter is cheaper.
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