The HX995TZ, comprises two slim front-channel speakers, two surround speakers and a main unit that have been designed for a co-ordinated look with TVs.
Measuring just 29mm front-to-back, the surround speakers blend seamlessly into any environment, the company said.
And with its complete absence of wires, the HX995TZ gives users the freedom to set up the main unit and active subwoofer anywhere they please.
The 5.1-channel HX995TZ is rated at 1,100 watts of output and has the six LG Sound Gallery modes, including VSM Plus, Clear Voice and MP3 Up-scaling - all of which allow users to tailor the sound to their preference.
With NetCast, users gain access to an array of online content including video streaming, web albums and weather information.
The HX995TZ can also connect wirelessly to DLNA (Digital Living Network Alliance) and CIFS (Common Internet File System) compatible storage devices or computers.
Other highlights include two HDMI-in and one HDMI-out, iPod/iPhone dock and recharge, DivX HD/MKV-file playback and external hard disk playback.