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Might be worth contacting LG, saying that a TV should be reasonably expected to last beyond 4-5 years with 'moderate' use. Throw in a possible court date for them via the Sale Of Goods Act (small claims court) You will need date of proof of puchase. They might repair it for you gratis. Or go...

What Hi-Fi (TV reviewers too!) have a decent guide here http://www.whathifi.com/news/best-tvs-to-buy-in-2014