RIP Onkyo..

[EB1000]

Onkyo has announced it will cease operation and file for bankruptcy, following the failure of their new line of receivers (is it ASR's fault? )

So, no RX-70... I really hope Yamaha is next....

https://imgur.com/WB8wqKT

Onkyo Announces Two Subsidiaries Will Cease Operations & File for Bankruptcy

Onkyo announced that two of its consolidated subsidiaries will cease operations and file for bankruptcy as its business continues to struggle

www.strata-gee.com

 

[hmt]

You are hoping for one companies bancruptcy? That's just bullshit.

 

[EB1000]

You are hoping for one companies bancruptcy? That's just bullshit.

I hope for the bankruptcy of any audio company that don't pay attention to measurement results... Yamaha had their chance to do better with newer models after the A1080 scored terribly and they didn't give a damn...

 

[ZolaIII]

So they are shouting down no good for nothing asshole division (marketing) and a newly formed one that neither ever found it's place nor produced something meaningful. In the mean time Foster and Fostex (with bunch of others behind) are doing just fine.
@EB1000 be careful what you wish for.

 

[voodooless]

The thing that went bankrupt is just an empty shell. The Onkyo brand was sold last year and is very much still alive.

 

[DonR]

Yep, just like Electrohome, Sharp, Toshiba, Pioneer, Panasonic, Polaroid, etc. have lived on.

 

[f1shb0n3]

Yep, just like Electrohome, Sharp, Toshiba, Pioneer, Panasonic, Polaroid, etc. have lived on.

We consumers know and trust brands, that’s why they are valuable and live on. What we don’t see is the engineering teams behind that actually built the good stuff, they are the real unsung heroes that make or break a product. When good brands are sold, do their engineering teams move, is the next gen built by them or others less competent because new owner has a plan to cut costs? We rarely know.

 

[FrantzM]

Nothing to rejoice about...
Sas ending for a storied brand.

RIP Onkyo, Sadly, you will be in good company in that graveyard where old good brands go rest forever...

 

[Flak]

@EB1000

Please read here (including the date)...

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

 

[DonR]

We consumers know and trust brands, that’s why they are valuable and live on. What we don’t see is the engineering teams behind that actually built the good stuff, they are the real unsung heroes that make or break a product. When good brands are sold, do their engineering teams move, is the next gen built by them or others less competent because new owner has a plan to cut costs? We rarely know.

Usually, the good engineers have left by the time the brand is sold which partly explains the brand's decline. Often, the company fails to keep up with the times or innovate like in the case of Polaroid. All that is left is the brand's goodwill.

 

[TimW]

Onkyo isn't going away guys, it's just a couple of subsidiary brands their shutting down. Here is a summary of their future plans:

"New ventures planned include sales of select items at an online store; another online venture selling anime items; sales of a custom in-ear monitor solution; sales of sake, wine, and beer aged with music applied to vibration actuators attached to their aging barrels; a new hearing aid business; a new music playback app; a speech recognition system; some kind of call center system; and the licensing of certain Onkyo technologies to third-party brands."

I would like to taste sake that listened to post-rock.

 

[Flak]

Onkyo/Integra products are here to stay... the Onkyo A/V business (including Onkyo and Integra brands) has been acquired by a joint venture between Sharp (23%) and Premium Audio Company (77%),
Premium Audio Company is wholly owned by VOXX, not exactly newcomers
More about VOXX here:

https://www.voxxintl.com/consumer/

 

[FrantzM]

Onkyo has announced it will cease operation and file for bankruptcy, following the failure of their new line of receivers (is it ASR's fault? )

So, no RX-70... I really hope Yamaha is next....

https://imgur.com/WB8wqKT

Onkyo Announces Two Subsidiaries Will Cease Operations & File for Bankruptcy

Onkyo announced that two of its consolidated subsidiaries will cease operations and file for bankruptcy as its business continues to struggle

www.strata-gee.com

Why do you wish upon a company to disappear? Odd...

 

[TheBatsEar]

I really hope Yamaha is next....

NOOOOOOO! Not Yamaha! I need that new revision of the NP-S2000 and maybe CD-S1000 first.

 

[Rick63]

Yamaha ain't going anywhere.

 

[VintageFlanker]

I really hope Yamaha is next....

I hope for the bankruptcy of any audio company that don't pay attention to measurement results... Yamaha had their chance to do better with newer models after the A1080 scored terribly and they didn't give a damn...

 

[EB1000]

Yamaha ain't going anywhere.

View attachment 188328

They could just shot down their AV receiver product line, once Onkyo/Pioneer are gone, and they'll start loosing to Denon/Marantz...

 

[FrantzM]

They could just shot down their AV receiver product line, once Onkyo/Pioneer are gone, and they'll start loosing to Denon/Marantz...

Borrowing from @VintageFlanker

 

[EB1000]

The thing that went bankrupt is just an empty shell. The Onkyo brand was sold last year and is very much still alive.

Sold to VOXX and they're shutting down AVR product line, as far as I understand. face it, the new models are not very successive. They couldn't even have them sold in Canada...

 

[DonR]

Sold to VOXX and they're shutting down AVR product line, as far as I understand. face it, the new models are not very successive. They couldn't even have them sold in Canada...

Expected here March/April https://gibbyselectronicsupermarket.ca/product/onkyo-tx-rz50/