Projectors can be a great alternative to traditional TVs, especially when you want to watch in various locations around your home, but they can also be bulky and cumbersome. LG, however, has launched two new projectors designed to be a little more versatile and easy to manage, either by acting as multiple devices in one or by being more compact.Easily the coolest new projector from LG is called the 3-in1 PF600U, and in addition to being a projector, its a Bluetooth speaker and LED mood light combined into one device. Thats right, you could see the PF600U and not even know that its actually a projector when its being used as a mood lamp.This device works by making use of the different surfaces around its edges. The main unit is a circular module, which sits atop a floor stand, kind of a like a portable fan. On the front, you can find the speaker along with controls that can be used when you want to listen to music. Its actually a stereo speaker with passive radiators for richer audio quality, so it should sound pretty good. The mood lights are located on the back, and when its placed near a wall, itll illuminate the wall in one of nine colors and five brightness levels.When you want to use the device as a projector, youll rotate this module with the speaker portion facing up, allowing the projector lens on the edge of the device to face whatever surface you want to project onto. The projector offers a 1,920 x 1,080 resolution along with 300 ANSI lumens of brightness. Not only that, but it has LGs webOS software built into it, making it easy to stream content from your favorite streaming services. Thankfully, it also has a HDMI input so you can play content from an external device.If you want a projector to use on a regular basis, it might be worth considering the CineBeam S. The CineBeam S is still a lifestyle projector, but it offers a higher quality image in its compact build. Its an ultra short-throw projector, which means that it can be placed right next to the surface that it will be projected on, eliminating the need for awkward placements or mounting on the ceiling.Its image quality is a little better than the PF600U. It has a 3,840 x 2,160 (4K) resolution, and a brightness of up to 500 ANSI lumens. It also has speakers built into it, so you dont necessarily have to use it with external speakers, though most users will want to. It has webOS, making it easy to stream content.Currently, pricing isnt available for the LG PF600U or the CineBeam S, but hopefully, well learn more about it in the near future.For more information, visit lg.com.