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These days there are so many different audio and video items, that storage can get tricky. A possibility is a large TV hutch, which has space for your TV (they come in different sizes for differently-sized television sets) as well as for your other audio and video storage needs. Most have slots for DVD players, game consoles and DVDs and is perfect for audio and video storage.
TV hutches are usually sold in black, white or wood colors, but if you want to get creative, you might try painting it to match the decor of your room.
Oftentimes, a TV hutch has doors on it so it serves as a way to "hide" your TV, so that it is no longer the focal point of your living room decor.