Why does Esoteric refuse to update its older models ?

In March 2015, Onkyo purchased Pioneer Corporation's Home Electronics Corporation, which produces home cinema amplifiers, Blu-ray players and other AV products. In return, Pioneer took a 14.95% stake in Onkyo. The Ohtsuki family remained the largest shareholders of the company with an approximately 26% stake,[1] just above Gibson Brands, with a 16.5% stake.[3]

With the bankruptcy of Gibson in 2018, Onkyo's shares held by Gibson were sold, as the company itself reported.[4]

In the summer of 2020, major US retailers Amazon and Best Buy discontinued sales of Onkyo products. A call to Onkyo USA's customer service line indicated the number is no longer in service. Distribution of Onkyo, Pioneer, Integra and Elite products has changed hands from Onkyo USA to 11 Trading Company. However, as in June 2021, Amazon has on sale Onkyo audio systems and related products, although mostly pre-2021 models

In January 2021, Onkyo announced it could no longer take direct orders from UK customers, citing new post-Brexit regulations and fees as the reason. As of June 2021, there has been no further update from Onkyo.

Onkyo acquired Pioneer's consumer electronics division in 2015; following the acquisition, both Onkyo and Pioneer A/V branded products continued to be available in the UK. However, Pioneer's consumer electronics website for the UK is no longer available. It was previously available as https://eu.pioneer-av.com//uk. The Pioneer Europe GmbH website continues to be available for EU customers. Onkyo's / Pioneer's former UK address in Ruislip is listed as permanently closed.

In May 2021, Voxx International/Sharp Corporation began negotiations with Onkyo to purchase the struggling company. On June 3, 2021, Voxx announced that they had reached an agreement; Pioneer and Pioneer Elite are not part of the deal.[5] On June 25, 2021, Onkyo shareholders approved the Voxx acquisition.[6]