This articleneeds additional citations forverification.(March 2021) |
Dreamusis anelectronicsandentertainmentcompany founded in 1999 originally asReignCom.Currently headquartered in South Korea (and formerly in the United States), it is the parent company of South Korean-basediRiver,Astell & Kernand FLO, as well as Yurion and Funcake Entertainment Services. Since 2014, it has been a subsidiary ofSK Telecomwhen it was formerly known as iRiver.[5]
 | |
Native name | (주)드림어스컴퍼니 |
|---|---|
| Formerly | ReignCom iRiver |
| Company type | Public |
| KRX:060570 | |
| Industry | Consumer electronics Music[1] |
| Founded | January 20, 1999 |
| Founder | Yang Duk-junand six others |
| Headquarters | iRiver House, 5 Bangbae-ro 18-gil,Bangbae-dong,Seocho-gu,Seoul,South Korea |
Area served | Worldwide |
Key people | Lee Ki-young (CEO) |
| Revenue |  US$51,649[2] |
 US$280[2](2015) | |
| US$589[2](2015) | |
| Total assets | US$56,081[2](2015) |
| Owners |
|
| Parent | SK Square (SK Telecom) |
| Divisions |
|
| Subsidiaries |
|
| Website | www |
History
editSeven formerSamsungexecutives created the company in 1999 and made itsIPOon theKOSDAQ,a Korean stock exchange, in 2003. Duk-Jun Yang, one of the founders, became the CEO of the company.
ReignCom announced in May 2006 that it would adjust its focus toward handheld mobile gaming. It has reported sluggish sales for its music player business, including a loss of 35.58 billion (US$36.68 million) in 2005, compared with a net profit of 43.46 billion in 2004.
In 2009, ReignCom was renamed as iRiver.[6]
In August 2014, SK Telecom acquired iRiver for 30 billion won.[7]
Entry into music
editIn January 2015, music streaming platform Music Mate was launched.[8]
On July 17, 2017 SM Entertainment acquired a stake in iRiver and became the second largest shareholder.[9]
On January 31, 2018, it was announced that, parent company SK Telecom along with entertainment agenciesSM Entertainment,JYP Entertainment,andHybe Corporation(formerly known as Bighit Entertainment) would collaborate and launch aB2Bmusic distribution and aB2Cmusic service platform.[10][11]As part of this agreement, beginning from February 1, iRiver would distribute JYP and Big Hit’s album and digital music contents.[12]HYBE would later go on to strike a distribution deal withYG Plusin January 27, 2021 hence no longer partnering with Dreamus.[13]
On December 11, 2018 it was announced that the company will update and rename the existing music streaming service 'Music Mate' to the new music platform 'FLO'.[7]
On March 28, 2019, iRiver announced that they would rename toDreamus Company.[14]
On November 18, 2021 Dreamus partnered with entertainment agencyRBWand FLO and signed an exclusive performance partnership contract, with this Dreamus owns a 2.04% stake in RBW.[15]
On November 29, 2021 SK Telecom, originally Dreamus' parent company, created and spun off SK Square, with Dreamus becoming a subsidiary of SK Square.[16]
Distributed labels
editCurrent
edit- South Korea
As of 2024:
- Company Soosoo
- INB100
- SM Entertainment(co-distributed withKakao Entertainment)
- Label SJ(co-distributed withKakao Entertainment)
- Million Market (co-distributed withKakao Entertainment)
- Mystic Story(select releases only; co-distributed withKakao Entertainment)
- Woollim Entertainment(select releases only; co-distributed withKakao Entertainment)
- JYP Entertainment
- Studio J
- SQU4D
- P Nation[17](co-distributed withKakao Entertainment,Genie Music,Stone Music EntertainmentandWarner Music Korea)
- NUPLAY
- Blue Vinyl[18]
- Biscuit Entertainment
- 143 Entertainment
- KQ Entertainment
- WakeOne
- IOK Music
- 131 Label
- Moss Music[19]
- Mystic Story[20]
- International
Former
editNotes
edit- ^By way of licensing throughSM Entertainment.
References
edit- ^"SKT readying new music service with K-pop heavyweights".The Korea Herald.January 31, 2018.Archivedfrom the original on November 11, 2020.RetrievedFebruary 24,2018.
- ^abcd"iRiver".Yahoo Finance.Archivedfrom the original on September 20, 2016.RetrievedAugust 30,2016.
- ^"DREAMUS COMPANY (A060570)".July 29, 2023.Archivedfrom the original on July 29, 2023.RetrievedJuly 29,2023.
- ^"Iriver Global - Contact Info".Iriver Global.Archivedfrom the original on June 25, 2018.RetrievedApril 24,2018.
- ^강, 윤승 (June 25, 2014)."SK Telecom to acquire Iriver for 29.5 bln won".Yonhap News Agency.Archivedfrom the original on November 8, 2022.RetrievedNovember 8,2022.
- ^Silver, Stephen."iriver's parent company, Reigncom, Ltd., has announced that it will change it name to iriver, Ltd., and also name a new CEO".Dealerscope.Archivedfrom the original on September 3, 2019.RetrievedJune 15,2020.
- ^ab"SKT가 인수한 '옛 아이리버' 적자 탈출".The Korea Economic Daily(in Korean). May 18, 2021.Archivedfrom the original on November 8, 2022.RetrievedNovember 9,2022.
- ^"SKT가 인수한 '옛 아이리버' 적자 탈출".The Korea Economic Daily(in Korean). May 18, 2021.Archivedfrom the original on November 8, 2022.RetrievedNovember 8,2022.
- ^"SM엔터, 아이리버 2대 주주 등극…'글로벌 콘텐츠 시장 본격 공략'".서울경제(in Korean). July 17, 2017.Archivedfrom the original on November 8, 2022.RetrievedNovember 8,2022.
- ^"FLO | 지금 당신의 음악, 플로".music-flo.Dreamus Company.Archivedfrom the original on April 16, 2019.RetrievedMarch 13,2021.
- ^윤, 상근."SM·JYP·빅히트, 음악콘텐츠 사업 공동 추진한다(공식)".entertain.naver(in Korean).Archivedfrom the original on November 8, 2022.RetrievedNovember 8,2022.
- ^"SM, JYP, And Big Hit To Launch Joint Music Enterprise".Soompi.January 31, 2018.Archivedfrom the original on November 8, 2022.RetrievedNovember 8,2022.
- ^Frater, Patrick (January 27, 2021)."BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG".Variety.Archivedfrom the original on January 27, 2021.RetrievedNovember 8,2022.
- ^"아이리버, '드림어스컴퍼니'로 사명 변경…새대표에 이기영씨".Naver News.Archivedfrom the original on May 1, 2019.RetrievedMay 1,2019.
- ^"플로, RBW와 공연 파트너십 계약 체결…" 다양한 협업 "".inews24(in Korean).Archivedfrom the original on November 11, 2022.RetrievedNovember 11,2022.
- ^Yonhap (November 1, 2021)."SK Telecom names new CEO following non-telecom spinoff".The Korea Herald.Archivedfrom the original on November 11, 2022.RetrievedNovember 11,2022.
- ^℗ 2019 P NATION, under license to Dreamus (CRUSH - NAPPAArchivedSeptember 3, 2019, at theWayback MachineonApple Music)
- ^"신나라레코드"(in Korean). Synnara.co.kr. July 13, 2015.Archivedfrom the original on July 12, 2020.RetrievedMarch 13,2021.
- ^김수경 (April 9, 2020)."호피폴라, 드림어스컴퍼니·모스뮤직과 손잡고 컴백"(in Korean). 한국경제.Archivedfrom the original on April 12, 2020.RetrievedAugust 29,2021.
- ^"드림어스컴퍼니".dreamuscompany(in Korean).
- ^Frater, Patrick (January 27, 2021)."BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG".Variety.Archivedfrom the original on January 27, 2021.RetrievedMarch 18,2021.
