Short answer, yes!
When choosing your laptop, check the component inputs on your TV. Depending on whether your laptop has VGA/DVI/HDMI outputs, you will need to be able to connect to the input on your TV in order to watch a DVD.
If you have VGA or DVI, you will need to run Audio out via a seperate cable on your laptop. If you choose a laptop with HDMI however, Audio can be run via the same cable, reducing the amount of wires in your setup.
Refer to the following link for more information on what cable options are available.
Audio and Video Cables