If you are going to get a new receiver, why not find a Home Theater in a Box (HTiB) and go full-out 5.1? Sound outside is amazingly good and even small speakers can sound great.
I bought the cheapest RCA HTiB I could at WallyWorld and I use the $29 DVD players and a business class projector on my deck. I built a screen using blackout cloth. I put everything into a modified small plastic garden tool storage unit and leave it outside all season (except the projector and screen). Takes 5 minutes to set up and take down. You can use the heavy gauge low voltage lighting cable for speaker wire.
If you have a home wireless network you can get a Roku box and watch just about anything you want. Between the STB , Roku and BR player, you're all set!
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An as-yet un-named theater designed by Big-WarrenP-BritInVA