I want to use my streamlining capable Sony Blu ray player to watch my Netflix on my flat screen tv. I have Internet Explorer available. The computer is located at least 50 feet from the tv.
What they mean by streaming is that you can temporarily transfer (stream) data from you computer or network to your TV. That may include movies, pictures and/or music. That does not include Netflix. If however your TV/blu-ray player is internet capable you may have a Netflix option available to you, assuming you already have an account with them. Consult your user manual or contact your manufacturer to find our (since you did not list any model numbers)
If you do not have such options available you can always look at this guide which will tell you how to connect your PC to your TV:
http://www.flatpaneltvinfo.com/connect_any_video_device.php