Tuesday, January 24, 2012
Gibson Guitar buys stake in Japan's Onkyo Corp
Gibson Guitar is continuing to push into consumer electronics with a new partnership with Japan based Onkyo Corporation. Gibson will acquire a majority share in Onkyo USA (the companies exclusive North American distributor) and become the second largest shareholder in Onkyo corporation. Henry Juszkeiwicz, will assume a chair on the Onkyo board.
"Onkyo makes some of the world's best audio equipment, and this partnership will give Gibson the ability to bring a deeper and more enhanced audio experience to music lovers around the world," says Juszkiewicz. "While people may be listening to more music, they are listening to it primarily in a severely compressed format. The aural disparity between a real system and compressed sound is vast, and as a result, they are simply not hearing tremendously rich sounds. With Onkyo, our goal is to bring the same exceptional experience artists demand in the studio to a larger consumer base."