I have a phillips stereo system and a small flat acreen tv. I just bought a samsung blu ray player and i want to connect my speakers to it... How? The stereo has the red yellow and white cords. And the blu ray player has a coaxial digital audio output and an hdmi output.
Well then according to what you posted, they are not compatible. The BluRay is modern and relies on digital connections, your Phillips is from the analog era, and your TV, well, you mention nothing of what hookups your TV has.
U can certainly buy an inexpensive coax digital to RCA (analog) converter, that takes care of the audio. Video, I await you to tell us what kind of hookup does it have.