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SnapAV and Control4 are Rebranded as Snap One

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SnapAV and Control4 logo

SnapAV Execs Hindman & Vaughn Explain the Rationale Behind the Change to Strata-gee

Recently, in a special Zoom presentation for Strata-gee by SnapAV executives Jeff Hindman (Chief Revenue Officer) and Kordon Vaughn (VP Marketing), I was about to learn about the company’s new brand strategy going forward. Ever since SnapAV acquired their largest division, Control4, there has been much speculation about how to address the market with two strong, well-known brands. I joked, “So what’s it going to be…ControlAV or Snap4?

It turns out I wasn’t that far off, as the executives shared with me that they would be rebranding the organization as Snap One.

Learn more about how SnapAV became Snap One…

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End of an Era: Onkyo Shareholders Vote to Sell Off Home Entertainment Division

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Photo of Onkyo Atmos models at CE Week
Onkyo Atmos-ready AV models at a past CE Week [Click to enlarge]

BREAKING NEWS

In a rather terse announcement to investors posted today, Onkyo Home Entertainment Company, Ltd. announced that, by a majority vote of company shareholders, the sale of the company’s Home Entertainment Division to Voxx International has been approved. This vote of approval was widely anticipated and represents the last formality in the transfer of the company over to Voxx. This is the first time since 1945 that Onkyo’s parent company is no longer involved in the home entertainment business.

See more on this end of an Onkyo era

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Leaders Heed This Warning: Employees Feel Empowered and Are Quitting

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Did you hear this statistic? Just this past April, a total of 4 million Americans quit their jobs, according to data recently released by the US Labor Department and reported on by the New York Times. Think about that for a moment. That April figure was the largest number of workers quitting their jobs in any one month…ever. Why? Ah…that’s a good question. I’m glad you asked…

See why workers are quitting their jobs in droves…

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Congress Prepares to Regulate Big Tech, Yet They Top ‘Most Trusted Brands’ Poll

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>Learn How to Improve Consumers’ Trust in Your Brand

Many political observers have declared the end of bi-partisanship, as the political right and left seem further apart than ever before in the history of the country. Yet there is one area where both parties agree, it is time to rein in the big tech players. Ironically, in a new poll of the 15 most trusted brands in the world, we find a lot of tech represented – including some of the Big Tech players. Is Congress out of step with the American people? And how important is “trust” to a company or brand anyway?

See the most trusted brands & how to improve yours…

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VOXX Finally Speaks: We Have an Agreement to Purchase Only Onkyo

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onkyo logo

Well after much coverage on the VOXX/Onkyo deal by Strata-gee, in which VOXX remained strangely silent, the company finally issued a press release today in which they acknowledged that they had signed an asset purchase agreement (APA) with Onkyo for $30.8 million. The deal remains subject to approval by Onkyo shareholders in a vote scheduled to take place on June 25, 2021.

This news was likely not a surprise to Strata-gee readers. But what was a surprise is that this purchase does NOT include the Pioneer and Pioneer Elite brands.

See more on the latest news out of VOXX about Onkyo

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SnapAV Says Latest Control4 OS 3.2.2 Update Offers Full Support of OvrC

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Control4 and OvrC

SnapAV announced today (Tuesday) that its latest rendition of its automation brand Control4’s OS 3 operating software – OS 3.2.2 – finally introduces full support of the company’s popular OvrC remote management platform. No doubt part of their ongoing integration strategy since they first acquired Control4, this news is sure to make life just a little easier for their Control4 dealers who support OvrC.

See more on Control4’s OS 3.2.2 & OvrC

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Onkyo Directors Vote to Authorize the Sale of the Company in $30.3M Deal

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On Wednesday, at a specially convened meeting of the Board of Directors for Onkyo Home Entertainment Co. Ltd. (Onkyo), company directors formally voted to authorize the transfer of Onkyo’s home AV division to the partnership of VOXX, Intl. and Sharp Corporation, in a deal valued at $30.3 million. The transaction is pending shareholder approval. This development represents real progress on a deal that had appeared to be bogged down recently.

See more on this deal as it gets back on track

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Sony Doubles-Down on Transformation from CE to Gaming, Media, & Services

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sony invests

Company Plans to Invest $18 Billion in ‘Strategic Investments’; See What Segments are Targeted

Sony Group announced yesterday that it will invest no less than ¥2 trillion ($18 billion) over the next three years to turbo-charge the company’s transition from a consumer electronics powerhouse to a global leader in gaming, media, and services. The only hardware they are looking to equally dominate is the sensor business – and a potential entry into the general chip-making business (more on this later).

More on the remarkable Sony global transformation

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Onkyo Releases Final Fiscal 2021 Numbers and I Am Stunned

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Onkyo Classic OCP-1
Is this the future of Onkyo?

I recently told you that the Onkyo & VOXX/Sharp deal has been delayed from a firm May 20th date to sign a definitive agreement, to a more hazy “sometime” in late May, according to an announcement released by Onkyo to investors in Japan. At the same time the company put that announcement out, they also released the final numbers for their fiscal 2021 results – the fiscal year ending March 31, 2021. The only way I can characterize these numbers is to say that they are…in a word…stunning.

See the Onkyo results for fiscal 2021…

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Sonos Delivers Strong Fiscal 2021 Q2 Results Thanks in Part to a Lousy 2020

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Raises Guidance for FY2021; Issues Strongest Warning Yet of Supply Chain Issues

After the close of market on Wednesday, Sonos, Inc. (NASDAQ: SONO) reported their fiscal 2021, second quarter results which were very strong. On Wall Street they like to call that an “earnings surprise” and they really, really like it when it is a positive surprise. Sonos did not disappoint them.

See the Sonos 2nd quarter results

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