Wah, Onkyo Uplorry!!

[Clearnfc]

Japanese audio equipment maker Onkyo files for bankruptcy - The Mainichi

Japanese audio equipment maker Onkyo Home Entertainment Corp. has filed for bankruptcy, with some 3.1 billion yen (about $24 million) in total liabili

mainichi.jp

They file for bankruptcy..... Been a long long time...

 

[The Legionnaire]

Wow..it's quite an upclass audio system during the 90s! There was a shop selling this brand at Centrepoint shopping centre though, think it's Ong's Audio!

 

[RyanJosie]

Sad. My first AVR was a champagne gold color Onkyo, pre-HDMI era

VOXX International Corporation Completes The Acquisition Of The Audio/Video Business Of Onkyo Home Entertainment Corporation : VOXX International

The Investor Relations website contains information about VOXX International's business for stockholders, potential investors, and financial analysts.

investors.voxxintl.com

Seems like they sold their A/V business to Voxx and Sharp

 

[patryn33]

Sad. My first AVR was a champagne gold color Onkyo, pre-HDMI era

VOXX International Corporation Completes The Acquisition Of The Audio/Video Business Of Onkyo Home Entertainment Corporation : VOXX International

The Investor Relations website contains information about VOXX International's business for stockholders, potential investors, and financial analysts.

investors.voxxintl.com

Seems like they sold their A/V business to Voxx and Sharp

That’s what the news state

Classic Japanese audio brand Onkyo files for bankruptcy

Maker of stereos and speakers doomed by market shift to streaming and smartphones

asia.nikkei.com

The company sold its core home audiovisual business to Sharp and U.S.-based Voxx International and its earphones and headphones business to an investment fund, both in September. A joint venture between Sharp and Voxx is expected to continue using the Onkyo brand.

 

[koster]

Sad, this is good stuff alongside with Denon. The article says Pioneer also owned by Onkyo. Does it mean pioneer also up lorry?

 

[alamakazim]

Cheapo audio FTW

 

[patryn33]

Sad, this is good stuff alongside with Denon. The article says Pioneer also owned by Onkyo. Does it mean pioneer also up lorry?

Yea, but sharp and voxx still making AV stuff under the brand. Don’t know existing engineer kept or all move to china or Taiwan

 

[Alphas]

I thought sound united owns onkyo and pioneer.

Denon parent Sound United now owns Pioneer and Onkyo home audio | Engadget

The audio world just got noticeably smaller.

www.engadget.com

 

[LiLAsN]

It's really unfortunate.
Just when they were making way better AVRs in 2021 with Dirac and HDMI 2.1 ports that were actually working.
But they have been in debt for quite some time and it was already too late for Onkyo by the time this great AVR came out.

 

[Clearnfc]

I thought sound united owns onkyo and pioneer.

Denon parent Sound United now owns Pioneer and Onkyo home audio | Engadget

The audio world just got noticeably smaller.

www.engadget.com

Wah now they own so many brands....

 

[benedium]

I thought sound united owns onkyo and pioneer.

Denon parent Sound United now owns Pioneer and Onkyo home audio | Engadget

The audio world just got noticeably smaller.

www.engadget.com

Why the article date is 2019? Old news?

If still true then its almost like a monopoly with the exception of brands like nad, anthem, arcam etc which target the smaller high end market.