TV Won't Turn On

The TV will not turn on, neither the remote nor the button on the TV will get it to turn on. However, there is a small red light on near the power button, so I believe the power supply is working.

Prior to this the screen had a few horizontal multicolored stripes of dead pixels, and the TV would occasionally turn off with a click, and randomly turn back on again.

Is it fixable?

Thanks!

Edit: I know Samsung TVs and other electronics had a problem with capacitors failing, and according to the model code the TV was manufactured in 2008. Could failed capacitors be causing this problem?