A:Answer Think of it this way, this will do mostly everything your old receiver would do but will also handle video (hence the term A/V receiver for audio/video, AKA home theater). So in addition to your old audio equipment, you could also attach your video equipment which would send it to your TV if attached. The receiver acts as a big switch, allowing you to attach multiple A/V sources to something with only one set of inputs, such as a TV. There are some caveats here, however. Entry level receivers, such as this one, will only send audio and video out through the same type of connections that enter it. In other words, for example, if you are connecting a VCR through the receiver's RCA input jacks, the audio and video will only come out of the receiver through its RCA output jacks and not its HDMI jacks. This would be important if your TV doesn't have any RCA input jacks to accept this signal, which would be the case with many newer entry level TVs. Technically speaking, these receivers will not convert an "old school" analog input (think RCA jack) to a digital output (think HDMI jack). The other thing to remember is that this does not have a preamplifier circuit for a record player, hence no "phono input" on the receiver, so if you do plug one into it, the volume will be very low, if it works at all. You can buy a cheap preamp to plug into this for about $15 if you love vinyl, though.