It's all over for Onkyo

Author
Discussion

Lucid_AV

Original Poster:

452 posts

51 months

Saturday 14th May 2022
quotequote all
Onkyo has finally filed for bankruptcy.

Onkyo files for bankruptcy

Unless I am mistaken, it will also take Pioneer AV out of the game too. Pioneer does continue though with car audio and DJ products which are separely owned businesses.

Edited by Lucid_AV on Saturday 14th May 16:29

NorthDave

2,471 posts

247 months

Saturday 14th May 2022
quotequote all
Ouch! Two big players.

Surely more will follow due to the chip shortages? We are being quoted 41 weeks on some kit which used to be 2 to 3 business days. Makes it difficult to run a business!

Andeh1

7,321 posts

221 months

Saturday 14th May 2022
quotequote all
A shame, they produced some good kit!

PhilboSE

5,248 posts

241 months

Saturday 14th May 2022
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Andeh1 said:
A shame, they produced some good kit!
They did, but it’s been a long time since they’ve produced competitive gear at any price point.

My first receiver was an Onkyo TX-SR706 around 2009. Stunning piece of kit for the money.

CoolHands

20,852 posts

210 months

Saturday 14th May 2022
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Damn, they used to get plugged something rotten by whathi-fi etc!

PhilboSE

5,248 posts

241 months

Saturday 14th May 2022
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Polk, Denon & Marantz (and Pioneer as mentioned) are part of the same group. Let’s hope they’re not all dragged down otherwise there won’t be many players left
- Sony & Yamaha at the low/med level and Arcam and low volume specialists at the high end?

rjfp1962

8,782 posts

88 months

Saturday 14th May 2022
quotequote all
That's a shame. Onkyo and Pioneer have been around for as long as I can remember - Never owned either, but they made some great kit, but I love my Marantz gear. First CD player was Marantz back in 1987, and after having a couple of other brands since, Marantz is back now...!

Church of Noise

1,553 posts

252 months

Sunday 15th May 2022
quotequote all
PhilboSE said:
Polk, Denon & Marantz (and Pioneer as mentioned) are part of the same group. Let’s hope they’re not all dragged down otherwise there won’t be many players left
- Sony & Yamaha at the low/med level and Arcam and low volume specialists at the high end?
Agreed that this is not good news for us mere mortals that typically go for the 'mid' part of this market.

I thought the merger with the company that owns Polk, Denon and Marantz did not go through in the end?

Also, seems the A/V activities were sold off somewhere in 2021 - so only the OEM part went bust?

PhilboSE

5,248 posts

241 months

Sunday 15th May 2022
quotequote all
Church of Noise said:
I thought the merger with the company that owns Polk, Denon and Marantz did not go through in the end?
Yes, it seems the situation is unclear but a bit of further digging suggests the deal didn’t complete as you say.

VEX

5,257 posts

261 months

Sunday 15th May 2022
quotequote all
Voxx International bought the Home AV Divisions of Onkyo last year. Completed in Sept 2021 i think.

Voxx own multiple brands in the USA including Klipsch

Timothy Bucktu

16,194 posts

215 months

Sunday 15th May 2022
quotequote all
It's a shame of course, but having owned two Onkyo receivers which both had the DTS chip of death issue...I switched to Yamaha and never looked back. They got a bad reputation unfortunately.

ade73

459 posts

124 months

Sunday 15th May 2022
quotequote all
Thats a bit gutting. frown

I was trying to buy an Onkyo Atmos home cinema set in 2020 with my new 4K TV and 4K player, couldn't get the latest version of them and Onkyo just said it was having supply issues and to wait.

After ages with no updates I looked at getting a euro version as they said it was the same and just needed an adaptor plug. Unfortunately these were out of stock by the time they told me this.

Finally at the start of 2021 I managed to find a previous version opened but unused on an ebay shop, gave me a warranty and all is good.

Great upgrade from 5.1

smile

VEX

5,257 posts

261 months

Monday 16th May 2022
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Timothy Bucktu said:
It's a shame of course, but having owned two Onkyo receivers which both had the DTS chip of death issue...I switched to Yamaha and never looked back. They got a bad reputation unfortunately.
Unfortunately, that wasn't their fault either, but they decided to take it on the chin, rather than pass the buck!!! Massive marketing faux-pas

WyrleyD

2,195 posts

163 months

Tuesday 17th May 2022
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I've got a TX-NR906 with a noisy front right channel, so much so I don't use it anymore. Cost a fortune when I bought it and produced so much heat it could melt an iceberg - well, it managed to deform the cabinet it resided in and yes there was the recommended space all round. I did think that the excessive heat had something to do with causing the channel problems.

BigBen

12,076 posts

245 months

Wednesday 25th May 2022
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That is a shame, I have had two Onkyo receivers and they have both been very impressive and in particular exceptionally well specified for the price point.

My current one is not that old so I will be OK for a while. In fact if Voxx have bought the home AV brands then Onkyo may live on

Ben

Timothy Bucktu

16,194 posts

215 months

Wednesday 25th May 2022
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WyrleyD said:
I've got a TX-NR906 with a noisy front right channel, so much so I don't use it anymore. Cost a fortune when I bought it and produced so much heat it could melt an iceberg - well, it managed to deform the cabinet it resided in and yes there was the recommended space all round. I did think that the excessive heat had something to do with causing the channel problems.
Yeah that's what killed the HDMI/DTS boards in their receivers which sat above a class A heater underneath. My tube amp puts out less heat!

Red 5

1,089 posts

195 months

Thursday 26th May 2022
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I remember selling them years ago.

They gradually put profit before quality. THX spec dropped, then Audyssey was abandoned. That prompted a few of their leading tech team to quit.
Sales flagged, so they made AV amp from paper thin tin sheet, hardly even painted properly!
The back panels were so thin, they flexed when the sockets were used, which could break connections.
The overheating and HDMI board failures had been going on all along, but were made worse.

The Pioneer stuff was heading the sakes way and I’v not seen any their AV kit for ages.

Most retailers I know, stopped dealing with them five or six years ago too.

anonymous-user

69 months

Thursday 26th May 2022
quotequote all
PhilboSE said:
Polk, Denon & Marantz (and Pioneer as mentioned) are part of the same group. Let’s hope they’re not all dragged down otherwise there won’t be many players left
- Sony & Yamaha at the low/med level and Arcam and low volume specialists at the high end?
Eh? Yamaha do some brilliant AV equipment. I love the Aventage stuff. My Sony was pretty decent too, certainly not low end. I wouldn’t say Marantz is high end either!

GravelBen

16,123 posts

245 months

Friday 27th May 2022
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Thats a shame, I have an old TX-NR609 which is still going strong.

hoegaardenruls

1,224 posts

147 months

Friday 27th May 2022
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The Onkyo 605 I owned for a while was nice while it lasted, although never sounded quite as good as the Yamaha it was bought to replace. Some nice accessories like the iPad dock though..

It suffered a slow death, LCD display, then HDMI board - the only AV receiver I've actually binned. Went back to Yamaha in the end.