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.
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[Read more…] about Onkyo Directors Vote to Authorize the Sale of the Company in $30.3M Deal
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[Read more…] about Sony Doubles-Down on Transformation from CE to Gaming, Media, & Services
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…[Read more…] about Onkyo Releases Final Fiscal 2021 Numbers and I Am Stunned
CEDIA and the Powerhouse Alliance announced a partnership today that is designed to bring CEDIA’s professional skills training program out of their headquarters building and into a location near you. Combining the quality education of CEDIA with the 55 geographically dispersed Powerhouse Alliance member locations across the U.S., this deal dramatically expands integration techs ability to easily gain access to professional education.
See more on this CEDIA & Powerhouse Alliance initiative[Read more…] about New Power Couple: CEDIA & Powerhouse Alliance Bring Pro Training to You
Oh-oh! I thought today I would be confirming that the VOXX/Sharp/Onkyo definitive agreement – which was supposed to be concluded today, May 20, 2021 – was in fact fully executed as directed in the original tentative agreement. But instead, I have learned that the definitive agreement for this sale was NOT in fact signed today, as dictated in the preliminary agreement. Now what?
Is There Trouble in Osaka for Onkyo?[Read more…] about Oh-Oh: Deadline for Onkyo & VOXX Agreement Passes with No Deal
Broad Implications of Roku, Inc. v. Universal Electronics, Inc.
The U.S. International Trade Commission (ITC) has launched a massive investigation into a wide range of televisions, remote controls, and other components that is sure to rattle a few cages around the industry. The investigation is the result of a patent infringement action taken by Roku, Inc. (Roku) against Universal Electronics, Inc. (UEI) and a long list of UEI customers and associates back in April. At the same time that Roku filed their lawsuit in a California District Court, they also filed a complaint with the ITC alleging Section 337 violations (“unfair imports”) by the same long list of prominent players in electronics.
See more on the Roku / ITC investigation[Read more…] about U.S. ITC Launches Massive Investigation of Certain TVs, Remotes & Components
Bowers and Wilkins (B&W) and the famed Abbey Road Studios announced this week that they have formed a new collaboration to further advance the state-of-the-art for in-car entertainment. The two companies have worked together for years with Abbey Road studios using B&W speakers for monitors in their studios. Now the partners will extend their relationship in the furtherance of this new venture.
See more on this B&W and Abbey Road Studios venture[Read more…] about B&W and Abbey Road Studios to Collaborate on In-Car Systems
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[Read more…] about Sonos Delivers Strong Fiscal 2021 Q2 Results Thanks in Part to a Lousy 2020
In a move that has been widely anticipated for some time now, Wirepath Home Systems LLC, the corporate name for SnapAV, has filed paperwork with the SEC to preliminarily begin the process of registering their stock for sale to the public. We learn little in the rather terse announcement from the company, but many in the industry had expected this day would come for years now.