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Also is a processor necessary or a better option then a reciever? Does it take the place of a reciever? Thanks

I have to admit I am extremely new to this so bear with me. I just bought a new house and Im starting to peice togther my audio/video set up.I have done some research but have many questions about my potential setup/reciever. I dont need super top of the line equipment but dont want to have buy...