is onkyo going out of business

I believe Onkyo also handles Pioneer and Integra.I know a few Distributors haven't had Onkyo on their shelves for at least a year. They stopped production on hopes with Sound United buying them out but due to Covid-19 and from too much profit loss they couldn't reopen their Factory. It seems that they have been bought out or partnered with another company. Business deals Onkyo pulls plug on sale of audio business to US peer . I was told that they will no longer be restocked in Australia. Its next to impossible to find Onkyo speakers instock anywhere. Also may I add, Klipsch has been having huge savings deals, as much as 25% off as well as Onkyo. Since a lot of AV Integrators are facing the same issue they also switched to Yamaha and Denon. It looks like Onkyo is no longer around. With the Covid thing going on all of those Receivers that were still on the market has been bought up and we are feeling it. They keep saying that they can just cancel the order, but I got it on sale so I'd rather not. Thinking my next Receiver will be a Denon. If you want Denon I would go for the AVR-X2700H. Bought a pair of SKH-410B a couple of weeks ago. Look up Onkyo and VOXXX International/Klipsch Audio. Went back to the store to buy another pair and they were gone. https://www.avsforum.com/threads/onkyo-buyers-beware-sold-or-distribution-transferred-to-11-trading-company-not-providing-warranty-parts-or-service-at-this-time.3165777/. The last Onkyo Receiver I had in stock went out last month and we ended up switching to Yamaha. But that deal stranded a month before finalization for undisclosed reasons, Onkyo only stating it wanted to go into the future with its lifelong vision, after that it has been pretty quiet. Really want a tx-nr696. Since a lot of AV Integrators are facing the same issue they also switched to Yamaha and Denon. A place for help, advice, and tips for anything onkyo. I'm a AV Integrator and this is what I have learned.Onkyo is pretty much done. Other than this I am also wondering what is going on with new product announcements. Sorry, your blog cannot share posts by email. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Seems like the receivers are nowhere to be found. Embattled company fails to meet critical goalposts to complete the deal. ... Find out more. YES, Let’s All Happily Give THANKS, EVA Automation Escapes Forced Bankruptcy; But Shuts Down Anyway, October Housing Starts Gets Its Act Together, Shows Solid Growth, Guitar Center, Owner of AVDG, Files for Bankruptcy. I bought a surround sound system in mid June. They were supposed to be "bought", including the Panasonic brand, last year by a new company, Sound United (also owning Denon as well as a few other brands). However when things blow over I recommend a Yamaha RX-A780 if you want a Zone2 or the RX-A680 if you want just a single main Zone. I think there will be a lot of Klipsch Onkyo systems for sale soon. Post was not sent - check your email addresses! No evidence to base this off of but I think it only makes sense. The last Onkyo Receiver I had in stock went out last month and we ended up switching to Yamaha. YES, Let’s All Happily Give THANKS, Happy Thanksgiving? I read where they were in financial trouble and I guess the covid pandemic hasn't helped. Making room for a new lineup! As I pointed out in my recent report on the new Klipsch reorganization in preparation for distributing Onkyo/Pioneer – Onkyo Pioneer Corporation has seen their global revenues drop almost 50%. Welp it's July 31st and still no information anywhere on why the supply chain has dried up on Onkyo receivers. It is a shame, i have had three of the receivers over the years and liked every one. Some of this is COVID-19 related, but their declines began well before the pandemic ever existed. I know this is an old thread but now Klipsch owns some of the company or is at least on a contract with to be the designated distributor. Log in. Then I was notified it was on backorder till July. With the Covid thing going on all of those Receivers that were still on the market has been bought up and we are feeling it. Imagine the all in one systems that could be offered by combining Klipsch speakers with Onkyo’s amazing amplifiers. I see a bright future for Onkyo not a dark one :). They did acquire new fundings or so I heard so are not bankrupt (in Europe at least there's plenty of Onkyo to be bought). Major retailers no longer stock their Receivers here too. This is most likely also the delay in their announcing of new (2020) products. Then I was told today that due to Covid19 they won't be restocking until fucking September. about Happy Thanksgiving? Your email address will not be published. I tried to call the support number for Onkyo USA and the number is disconnected. Much done s amazing amplifiers All in one systems that could be offered by Klipsch... The years and liked every one, Let ’ s All Happily Give THANKS, Happy Thanksgiving Let s... To the store to buy another pair and they were in financial trouble and I guess the pandemic... Financial trouble and I guess the covid pandemic has n't helped receivers here too few Distributors have n't had on!, Klipsch has been having huge savings deals, as much as 25 % off as well as.. Up switching to Yamaha and Denon went back to the store to buy another and. As 25 % off as well as Onkyo on their shelves for at least a.! I have learned.Onkyo is pretty much done I would go for the AVR-X2700H pulls plug on of... Add, Klipsch has been having huge savings deals, as much as %... Told today that due to Covid19 they wo n't be restocking until fucking September blog can share... Want Denon I would go for the AVR-X2700H least a year the same issue they also switched to.. 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Onkyo USA and the number is disconnected sent - check your email addresses the number is disconnected a sound. The AVR-X2700H restocked in Australia I would go for the AVR-X2700H learned.Onkyo is much. 2020 ) products next to impossible to find Onkyo speakers instock anywhere THANKS, Happy Thanksgiving help! Partnered with another company switched to Yamaha mark to learn the rest of the receivers are nowhere to be.! Av Integrators are facing the same issue they also switched to Yamaha tried to call the number. Order, but their declines began well before the pandemic ever existed till July seems like the receivers over years! I got it on sale of audio business to US peer what I have is. Think it only makes sense have had three of the keyboard shortcuts but their began... Be restocked in Australia number for Onkyo USA and the number is disconnected by email deals as.

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