5 red blinks usually means there is a self test error when booting and usually is due to one of the neccessary processing chips other than the SoC being unable to start. The cause of this issue is voltage surge which either corrupts the firmware chip or damages capacitors in the internal power supply board, leading to the tv logic board receiving incorrect voltages. Its a safety feature to prevent further damage to the logic board.
Assuming its corrupted firmware, you might be able to reset it. Disconnect all cables from TV for 48 hrs. Press and hold both "power" and Volume "+" buttons on original remote while plugging it in. Continue holding both buttons until the screen comes back to life. If it didn't work, then its a blown cap. In my experience this issue is more often due to a damaged power board than the logic board (motherboard).
Just get yourself a good surge protector and avoid these headaches, people cheap out on these stuff and then cry about their dead electronics. Belkin makes really good surge protectors and i think they are well worth the investment.