The Samsung player will play NTSC/PAL discs but does not have a converter. It will play NTSC on NTSC TVs or PAL on PAL TVs. It is also important to note that most projectors and plasma TVs will work with PAL or NTSC.
Whatever you get make sure it has a PAL to NTSC converter or vice-versa depending on where you live or it is pretty much useless. And I don't mean one that will play PAL or NTSC. Most will play either but not many will convert from one to the other.
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