Things not looking good for Onkyo / Pioneer
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dieselsdad
New Member
Ouch.
peguinpower
Well-Known Member
I honestly dont know what the AV market is segmented into these days. Who owns what part of the pie?
Sorry to see these two familiar names go. I havent owned either one in decades.
I do own a couple of Yamaha sound bars, which have been exceptional.
Sorry to see these two familiar names go. I havent owned either one in decades.
I do own a couple of Yamaha sound bars, which have been exceptional.
KentTeffeteller
Gimpus Stereophilus!
Onkyo is now handled by AudioVox/Klipsch Group in the USA. And still in business.
KentTeffeteller
Gimpus Stereophilus!
NO AV company is a strong company. Yamaha the real exception (as they're still under much more stable ownership). Voxx is aka Klipsch Group as they're co-owned. And yes, partners. SoundBars are taking over that aspect of the market.
Nixxuz
Super Member
Well HK may be doing ok, but they have Samsung money behind them.
My 2009 Integra DTC-9.8 AV Processor/preamp is pushing 12 years old and working strong.
7.x with older HDMI and no Atmos, but a pleasure otherwise
Integra is a subdivision of the Japanese manufacturer Onkyo, making a complete line of electronics consisting
of home theater receivers or AV receiver, CD player, DVD player and Blu-ray player.
Onkyo has reached an agreement with Klipsch owner, Voxx International Corp to replace Onkyo USA. ...
But the entity formerly known as Onkyo USA Corporation is no more, ending a 45-year run as Onkyo's
exclusive sales, marketing and distribution division for the Americas, effective July 29, 2020
7.x with older HDMI and no Atmos, but a pleasure otherwise
Integra is a subdivision of the Japanese manufacturer Onkyo, making a complete line of electronics consisting
of home theater receivers or AV receiver, CD player, DVD player and Blu-ray player.
Onkyo has reached an agreement with Klipsch owner, Voxx International Corp to replace Onkyo USA. ...
But the entity formerly known as Onkyo USA Corporation is no more, ending a 45-year run as Onkyo's
exclusive sales, marketing and distribution division for the Americas, effective July 29, 2020
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KentTeffeteller
Gimpus Stereophilus!
Samsung's priorities are Televisions and Cellular Phones to most Americans.
peguinpower
Well-Known Member
Its where you meet your Tinder dates silly.
Question: how is supporting Marantz/Denon (both brands that currently belong to Sound United, which also owns Polk Audio and Definitive Technologies) any different than supporting Onkyo coming out of this change of ownership?
Just to be clear, it was mentioned above in places but VOXX already has Klipsch in the company brand portfolio and has been handling the distribution of Onkyo product here in the Americas, along with Integra and the Pioneer/Pioneer Elite brands since the middle of 2020. Onkyo has handled distribution fo Klipsch in Japan since 2019 so this is has been a beneficial ongoing relationship, not something that just came up.
The takeaway should be another venerable brand being kept alive as opposed to the doors closed forever, but as usual the gloom and doom outlook tends to prevail when this kind of news comes out.
John
Just to be clear, it was mentioned above in places but VOXX already has Klipsch in the company brand portfolio and has been handling the distribution of Onkyo product here in the Americas, along with Integra and the Pioneer/Pioneer Elite brands since the middle of 2020. Onkyo has handled distribution fo Klipsch in Japan since 2019 so this is has been a beneficial ongoing relationship, not something that just came up.
The takeaway should be another venerable brand being kept alive as opposed to the doors closed forever, but as usual the gloom and doom outlook tends to prevail when this kind of news comes out.
John
The article mentions Sharp Electronics. I thought they were long gone. Apparently, gone just fm the U.S.
The electronics business is clearly going thru serious change - I don't think this is anything new.
Will be interesting to see how it all settles out.
Its a shame to see once mighty brands reduced to mere marketing tools but it happens in lots of industries.
I wonder how many freezer factories or how many washing machine factories there are in the world - then compare that to the number of brands.
I think we'll see that there's not nearly as much competition in the consumer sectors as we might assume.
The electronics business is clearly going thru serious change - I don't think this is anything new.
Will be interesting to see how it all settles out.
Its a shame to see once mighty brands reduced to mere marketing tools but it happens in lots of industries.
I wonder how many freezer factories or how many washing machine factories there are in the world - then compare that to the number of brands.
I think we'll see that there's not nearly as much competition in the consumer sectors as we might assume.
Funky54
Super Member
I gave my advice for many reasons. 1) I don’t have brand loyalty so I don’t have to go down with the ship. 2) Onkyo HDMI switching historically has had way too many service and warranty issues. 3) Because they have lost money for so long, they have not kept up with R&D and are now behind. 4) They lost their distribution and support for my entire industry. I don’t know of a single distributor in my industry that represents them who’s left. 5) The “rumor” is they are closing their doors in spite of the press intent to find cash flow with a buyer. 6) My clients have had very very bad experiences with Onkyo and Integra, the name is a huge negative in my circle. My previous employer who sold 100’s of AVR per year had only one other product with more warranty issues and that was Anthem. 7) You can’t get product, they have no reserves of inventory, not what you need to support clients. 8) Who will warranty them now if for some odd reason you could even get one?
I could keep going, but here’s the hurtful one you really won’t like, they don’t sound as good as Marantz Denon or even Yamaha, heck I’d take Sony over Onkyo at this time.
I do understand your loyalty though. There was a time when they made competitive nice sounding gear. Their downfall began with HDMI switching and new processing. No doubt they are capable engineers who maybe could one day sort out their issues, but I’m not gambling to see if by some miracle they make it and honor their past poorly made units.
Ok, fair enough... though all of that appears to pre-date the most recent announcement. Sounds like their ship had sailed for you well before VOXX's letter of intent came into the picture, and that's fine.
Although I have had a couple of pieces of vintage Integra equipment I liked, I don't have any particular brand loyalty involved with my response. I have however worked for both companies involved with the three brands: Directed was part of the DEI Holdings organization and I was there (working in the automotive division) for 20+ years, went through the whole "evil empire" routine every time we were involved with an acquisition including Clifford, ADST (PPI, Orion, a/d/s/), Polk Audio, Definitive etc. though by the latter parts of that most of the noise about us buying brands so we could cut costs and cash in on their reputation while selling cheaper new models wasn't happening as often or as loudly. Directed was acquired last summer by VOXX so I'm now part of that company involved with the Onkyo deal though I have zero to do with that part of the business.
So, my view of this comes from having been directly involved in two such changes of ownership (once on the buying side, the second on the bought side - which is very different let me tell you!) and then later on the sidelines of a number of deals that all had some things in common: they kept brands alive, kept employees employed (at least initially, inevitably that changes over time but the good acquisitions keep the good employees in the picture for as long as they'll stay around), and generally seemed to me to be a good thing. Maybe not as good as the original brand owners running the company for ever and ever and never changing anything they made that you liked, but when was that the world we live in?
John
Although I have had a couple of pieces of vintage Integra equipment I liked, I don't have any particular brand loyalty involved with my response. I have however worked for both companies involved with the three brands: Directed was part of the DEI Holdings organization and I was there (working in the automotive division) for 20+ years, went through the whole "evil empire" routine every time we were involved with an acquisition including Clifford, ADST (PPI, Orion, a/d/s/), Polk Audio, Definitive etc. though by the latter parts of that most of the noise about us buying brands so we could cut costs and cash in on their reputation while selling cheaper new models wasn't happening as often or as loudly. Directed was acquired last summer by VOXX so I'm now part of that company involved with the Onkyo deal though I have zero to do with that part of the business.
So, my view of this comes from having been directly involved in two such changes of ownership (once on the buying side, the second on the bought side - which is very different let me tell you!) and then later on the sidelines of a number of deals that all had some things in common: they kept brands alive, kept employees employed (at least initially, inevitably that changes over time but the good acquisitions keep the good employees in the picture for as long as they'll stay around), and generally seemed to me to be a good thing. Maybe not as good as the original brand owners running the company for ever and ever and never changing anything they made that you liked, but when was that the world we live in?
John
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