Legendary Japanese Hi-Fi Brand Onkyo Files For Bankruptcy

[Schrute Farms]

Too bad. Its what happens when companies stop putting out new products. I've ONLY owned Onkyo receivers and I'm sad to see them go. The entire A/V market is collapsing. Electronic companies have stopped making disc players, receivers, projectors, etc. and I'm worried that home theater will disappear too. Too many consumers are content with watching TV and movies on phones so streaming is dominating.