Wah, Onkyo Uplorry!!

The Legionnaire

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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

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patryn33

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


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

That’s what the news state
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

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

patryn33

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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
 

LiLAsN

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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.
 
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benedium

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Jurchen King

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I don't understand :s11:. If Sound United acquired Onkyo in 2019, wouldn't the parent company bail them out and tank the debts? I mean during the acquisition phase, Sound United would surely have known about Onkyo's losses and outstanding debts. Going ahead with the acquisition meant Sound United was prepared to undertake Onkyo's financial liabilities.

Does this mean Sound United willingly allowed Onkyo to declare bankruptcy and shut down :s11:? Or did Sound United conclude that it was a bad buy and decided to cut Onkyo loose?
 

dreamaurora

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I don't understand :s11:. If Sound United acquired Onkyo in 2019, wouldn't the parent company bail them out and tank the debts? I mean during the acquisition phase, Sound United would surely have known about Onkyo's losses and outstanding debts. Going ahead with the acquisition meant Sound United was prepared to undertake Onkyo's financial liabilities.

Does this mean Sound United willingly allowed Onkyo to declare bankruptcy and shut down :s11:? Or did Sound United conclude that it was a bad buy and decided to cut Onkyo loose?

As I understand it, the Onkyo in Japan is just basically a distribution company now. The main audio visual side has been with Sound United since 2019 and they already released a statement that new products under Onkyo will continue to be released and existing products continue to be supported.
 
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