I have this device from CORSAHD:
It works great with my bedroom LG TV that does not have eArc and my Sonos Arc. It also has four HDMI In ports so you don’t need a separate splitter like you do with the Arcana. Lossless Dolby Atmos passes to the Arc just fine. The one issue I’m having is with any DTS-HD track. It converts every DTS-HD track to lossy DTS Surround. DTS-HD 2.0 becomes DTS Surround 2.0. DTS-HD 5.1 and 7.1 both become DTS Surround 5.1. When I tried changing my Blu-ray player from Auto to PCM, I just got stereo PCM for DTS-HD 5.1 and 7.1 tracks. I can’t find a way to get Multichannel PCM 7.1 like I can when using TV with eArc. I don’t think changing any settings on the TV should matter because I’m sending the audio directly to the Sonos Arc. The CORSAHD device should just be passing through audio, so I’m not sure why I would not get Multichannel PCM. Any ideas?