home theater technology is always improving so you can find well-functioning home theater equipment at relatively low prices. Gone are the days of shelling out thousands of dollars for good home theater equipment, although it definitely is possible to spend that much. You can get a very good home theater set up for under $1,000, and even less if you bargain shop for your equipment. The basics of any home theater system are the television or viewing screen, the DVD player, and the sound system. More on xm radio and your home theater system.