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Dreamus

Dreamus is an electronics and entertainment company founded in 1999 originally as ReignCom. Currently headquartered in South Korea (and formerly in the United States), it is the parent company of South Korean-based iRiver, Astell & Kern and FLO, as well as Yurion and Funcake Entertainment Services. Since 2014, it has been a subsidiary of SK Telecom when it was formerly known as iRiver.[4]

Dreamus Company
Native name
(주)드림어스컴퍼니
FormerlyReignCom
iRiver
TypePublic
KRX: 060570
IndustryConsumer electronics
Music[1]
FoundedJanuary 20, 1999; 24 years ago (1999-01-20)
FounderYang Duk-jun
HeadquartersiRiver 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)
OwnersSK Square: 51.40%
SM Entertainment: 17.80%
Dream Maker Entertainment:[a] 1.44%
JYP Entertainment: 0.83% [b]
ParentSK Square (SK Telecom)
Divisions
Subsidiaries
Websitewww.dreamuscompany.com

History

Seven former Samsung executives created the company in 1999 and made its IPO on the KOSDAQ, 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.[5]

In August 2014, SK Telecom acquired iRiver for 30 billion won.[6]

Entry into music

In January 2015, music streaming platform Music Mate was launched.[7]

On July 17, 2017 SM Entertainment acquired a stake in iRiver and became the second largest shareholder.[8]

On January 31, 2018, it was announced that, parent company SK Telecom along with entertainment agencies SM Entertainment, JYP Entertainment, and Hybe Corporation (formerly known as Bighit Entertainment) would collaborate and launch a B2B music distribution and a B2C music service platform.[9][10] As part of this agreement, beginning from February 1, iRiver would distribute JYP and Big Hit’s album and digital music contents.[11] HYBE would later go on to strike a distribution deal with YG Plus in January 27, 2021 hence no longer partnering with Dreamus.[12]

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'.[6]

On March 28, 2019, iRiver announced that they would renamed to Dreamus Company.[13]

On November 18, 2021 Dreamus partnered with entertainment agency RBW and FLO and signed an exclusive performance partnership contract, with this Dreamus owns a 2.04% stake in RBW.[14]

On November 29, 2021 SK Telecom, originally Dreamus' parent company, created and spun off SK Square, with Dreamus becoming a subsidiary of SK Square.[15]

Distributed labels

Current

South Korea

As of March 2022:

International

Former

Notes

  1. ^ A subsidiary of SM Entertainment
  2. ^ The rest of the stocks are owned by other shareholders, including public stock.
  3. ^ By way of licensing through SM Entertainment.

References

  1. ^ "SKT readying new music service with K-pop heavyweights". The Korea Herald. January 31, 2018. from the original on November 11, 2020. Retrieved February 24, 2018.
  2. ^ a b c d "iRiver". Yahoo Finance. from the original on September 20, 2016. Retrieved August 30, 2016.
  3. ^ "Iriver Global - Contact Info". Iriver Global. from the original on June 25, 2018. Retrieved April 24, 2018.
  4. ^ 강윤승 (June 25, 2014). "SK Telecom to acquire Iriver for 29.5 bln won". Yonhap News Agency. Retrieved November 8, 2022.
  5. ^ 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. from the original on September 3, 2019. Retrieved June 15, 2020.
  6. ^ a b "SKT가 인수한 '옛 아이리버' 적자 탈출". 한경닷컴 (in Korean). May 18, 2021. Retrieved November 9, 2022.
  7. ^ "SKT가 인수한 '옛 아이리버' 적자 탈출". 한경닷컴 (in Korean). May 18, 2021. Retrieved November 8, 2022.
  8. ^ "SM엔터, 아이리버 2대 주주 등극…'글로벌 콘텐츠 시장 본격 공략'". 서울경제 (in Korean). July 17, 2017. Retrieved November 8, 2022.
  9. ^ "FLO | 지금 당신의 음악, 플로". www.music-flo.com. Dreamus Company. from the original on April 16, 2019. Retrieved March 13, 2021.
  10. ^ 윤상근|기자|. "SM·JYP·빅히트, 음악콘텐츠 사업 공동 추진한다(공식)". entertain.naver.com (in Korean). Retrieved November 8, 2022.
  11. ^ "SM, JYP, And Big Hit To Launch Joint Music Enterprise". Soompi. January 31, 2018. Retrieved November 8, 2022.
  12. ^ Frater, Patrick (January 27, 2021). "BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG". Variety. Retrieved November 8, 2022.
  13. ^ "아이리버, '드림어스컴퍼니'로 사명 변경…새대표에 이기영씨". n.news.naver.com. from the original on May 1, 2019. Retrieved May 1, 2019.
  14. ^ "플로, RBW와 공연 파트너십 계약 체결…"다양한 협업"". inews24 (in Korean). Retrieved November 11, 2022.
  15. ^ Yonhap (November 1, 2021). "SK Telecom names new CEO following non-telecom spinoff". The Korea Herald. Retrieved November 11, 2022.
  16. ^ ℗ 2019 P NATION, under license to Dreamus (CRUSH - NAPPA September 3, 2019, at the Wayback Machine on Apple Music)
  17. ^ "신나라레코드" (in Korean). Synnara.co.kr. July 13, 2015. from the original on July 12, 2020. Retrieved March 13, 2021.
  18. ^ 김수경 기자 (April 9, 2020). "호피폴라, 드림어스컴퍼니·모스뮤직과 손잡고 컴백" (in Korean). 한국경제.
  19. ^ Frater, Patrick (January 27, 2021). "BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG". Variety. from the original on January 27, 2021. Retrieved March 18, 2021.

External links

  • Official website
  • Dreamus Company on Facebook

dreamus, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, march, 2021, learn. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Dreamus news newspapers books scholar JSTOR March 2021 Learn how and when to remove this template message Dreamus is an electronics and entertainment company founded in 1999 originally as ReignCom Currently headquartered in South Korea and formerly in the United States it is the parent company of South Korean based iRiver Astell amp Kern and FLO as well as Yurion and Funcake Entertainment Services Since 2014 it has been a subsidiary of SK Telecom when it was formerly known as iRiver 4 Dreamus CompanyNative name 주 드림어스컴퍼니FormerlyReignComiRiverTypePublicTraded asKRX 060570IndustryConsumer electronicsMusic 1 FoundedJanuary 20 1999 24 years ago 1999 01 20 FounderYang Duk junHeadquartersiRiver House 5 Bangbae ro 18 gil Bangbae dong Seocho gu Seoul South KoreaArea servedWorldwideKey peopleLee Ki young CEO RevenueUS 51 649 2 Operating incomeUS 280 2 2015 Net incomeUS 589 2 2015 Total assetsUS 56 081 2 2015 OwnersSK Square 51 40 SM Entertainment 17 80 Dream Maker Entertainment a 1 44 JYP Entertainment 0 83 b ParentSK Square SK Telecom DivisionsiRiver Limited iRiver China Limited 3 SubsidiariesAstell amp Kern Yurion Funcake Entertainment ServicesWebsitewww wbr dreamuscompany wbr com Contents 1 History 1 1 Entry into music 2 Distributed labels 2 1 Current 2 2 Former 3 Notes 4 References 5 External linksHistory EditSeven former Samsung executives created the company in 1999 and made its IPO on the KOSDAQ 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 5 In August 2014 SK Telecom acquired iRiver for 30 billion won 6 Entry into music Edit In January 2015 music streaming platform Music Mate was launched 7 On July 17 2017 SM Entertainment acquired a stake in iRiver and became the second largest shareholder 8 On January 31 2018 it was announced that parent company SK Telecom along with entertainment agencies SM Entertainment JYP Entertainment and Hybe Corporation formerly known as Bighit Entertainment would collaborate and launch a B2B music distribution and a B2C music service platform 9 10 As part of this agreement beginning from February 1 iRiver would distribute JYP and Big Hit s album and digital music contents 11 HYBE would later go on to strike a distribution deal with YG Plus in January 27 2021 hence no longer partnering with Dreamus 12 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 6 On March 28 2019 iRiver announced that they would renamed to Dreamus Company 13 On November 18 2021 Dreamus partnered with entertainment agency RBW and FLO and signed an exclusive performance partnership contract with this Dreamus owns a 2 04 stake in RBW 14 On November 29 2021 SK Telecom originally Dreamus parent company created and spun off SK Square with Dreamus becoming a subsidiary of SK Square 15 Distributed labels EditCurrent Edit South KoreaAs of March 2022 SM Entertainment Label SJ Million Market Mystic Story select releases only co distributed with Kakao Entertainment Woollim Entertainment select releases only co distributed with Kakao Entertainment JYP Entertainment Studio J SQU4D P Nation 16 co distributed with Kakao Entertainment Genie Music and Stone Music Entertainment NUPLAY Blue Vinyl 17 Biscuit Entertainment 143 Entertainment KQ Entertainment Wake One Entertainment IOK Music 131 Label Moss Music 18 InternationalAvex Inc c Johnny amp Associates J Storm SM Entertainment Label VFormer Edit Hybe Corporation moved to YG Plus 19 Big Hit Music Pledis EntertainmentNotes Edit A subsidiary of SM Entertainment The rest of the stocks are owned by other shareholders including public stock By way of licensing through SM Entertainment References Edit SKT readying new music service with K pop heavyweights The Korea Herald January 31 2018 Archived from the original on November 11 2020 Retrieved February 24 2018 a b c d iRiver Yahoo Finance Archived from the original on September 20 2016 Retrieved August 30 2016 Iriver Global Contact Info Iriver Global Archived from the original on June 25 2018 Retrieved April 24 2018 강윤승 June 25 2014 SK Telecom to acquire Iriver for 29 5 bln won Yonhap News Agency Retrieved November 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 Archived from the original on September 3 2019 Retrieved June 15 2020 a b SKT가 인수한 옛 아이리버 적자 탈출 한경닷컴 in Korean May 18 2021 Retrieved November 9 2022 SKT가 인수한 옛 아이리버 적자 탈출 한경닷컴 in Korean May 18 2021 Retrieved November 8 2022 SM엔터 아이리버 2대 주주 등극 글로벌 콘텐츠 시장 본격 공략 서울경제 in Korean July 17 2017 Retrieved November 8 2022 FLO 지금 당신의 음악 플로 www music flo com Dreamus Company Archived from the original on April 16 2019 Retrieved March 13 2021 윤상근 기자 SM JYP 빅히트 음악콘텐츠 사업 공동 추진한다 공식 entertain naver com in Korean Retrieved November 8 2022 SM JYP And Big Hit To Launch Joint Music Enterprise Soompi January 31 2018 Retrieved November 8 2022 Frater Patrick January 27 2021 BTS Agency Big Hit Entertainment to Invest 63 Million in Rival YG Variety Retrieved November 8 2022 아이리버 드림어스컴퍼니 로 사명 변경 새대표에 이기영씨 n news naver com Archived from the original on May 1 2019 Retrieved May 1 2019 플로 RBW와 공연 파트너십 계약 체결 다양한 협업 inews24 in Korean Retrieved November 11 2022 Yonhap November 1 2021 SK Telecom names new CEO following non telecom spinoff The Korea Herald Retrieved November 11 2022 2019 P NATION under license to Dreamus CRUSH NAPPA Archived September 3 2019 at the Wayback Machine on Apple Music 신나라레코드 in Korean Synnara co kr July 13 2015 Archived from the original on July 12 2020 Retrieved March 13 2021 김수경 기자 April 9 2020 호피폴라 드림어스컴퍼니 모스뮤직과 손잡고 컴백 in Korean 한국경제 Frater Patrick January 27 2021 BTS Agency Big Hit Entertainment to Invest 63 Million in Rival YG Variety Archived from the original on January 27 2021 Retrieved March 18 2021 External links EditOfficial website Dreamus Company on Facebook Retrieved from https en wikipedia org w index php title Dreamus amp oldid 1141190528, wikipedia, wiki, book, books, library,

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