|Gibson Buys a Majority Share in Onkyo|
|Home Theater News General News|
|Written by Dick Ward|
|Wednesday, 04 January 2012|
Typically before CES all the news tends to be about new product releases and companies embracing new technologies, but the news out of Onkyo today is much different. Gibson, a company best known for its legendary Les Paul guitar line, has bought out a majority share of Onkyo USA and a good chunk of Onkyo Japan too. These moves make Gibson the second highest shareholder in the Onkyo Corporation.
It's a bit of an odd pairing as far as product lines go, but Gibson has been expanding quite a bit recently and both companies share the same love of high quality audio. "While people may be listening to more music, they are listening to it primarily in a severely compressed format," says Gibson CEO Henry Juszkiewicz. "The aural disparity between a real system and compressed sound is vast, and as a result, they are simply not hearing tremendously rich sounds." Onkyo will be helping Gibson provide those rich sounds to users of its Pro Audio line while Gibson will be giving Onkyo assistance with marketing and distribution.