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.

Dreamus Company
Native name
(주)드림어스컴퍼니
FormerlyReignCom
IRIVER
TypePublic
KRX: 060570
IndustryConsumer electronics
Music[1]
Founded1999; 22 years ago (1999)
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)
RevenueIncrease US$51,649[2]
Decrease US$280[2] (2015)
Decrease US$589[2] (2015)
Total assetsDecrease US$56,081[2] (2015)
OwnersSK Telecom (parent company): 51.40%
SM Entertainment: 16.40%
Dream Maker Entertainment[a]: 1.44%
[b]
ParentSK Telecom (SK Group)
Divisions
Subsidiaries
Websitewww.dreamuscompany.com

HistoryEdit

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.[4]

Entry into musicEdit

On January 31, 2018, Iriver announced its entry into the Korean music industry. Together with parent SK Telecom and music labels SM Entertainment and JYP Entertainment, the company launched a new online music store called FLO in the second half of 2018.[5][1]

On March 28, 2019, Iriver announced that they would renamed to Dreamus Company.[6]

Distributed labelsEdit

CurrentEdit

South Korea

As of February 2021:

International

FormerEdit

NotesEdit

  1. ^ A subsidiary of SM Entertainment
  2. ^ The rest of the stocks is owned by other shareholders, including public stock.

ReferencesEdit

  1. ^ a b "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.
  2. ^ a b c d "Iriver". Yahoo Finance. Archived from the original on September 20, 2016. Retrieved August 30, 2016.
  3. ^ "Iriver Global - Contact Info". Iriver Global. Archived from the original on June 25, 2018. Retrieved April 24, 2018.
  4. ^ 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.
  5. ^ "FLO | 지금 당신의 음악, 플로". www.music-flo.com. Dreamus Company. Archived from the original on April 16, 2019. Retrieved March 13, 2021.
  6. ^ "아이리버, '드림어스컴퍼니'로 사명 변경…새대표에 이기영씨". n.news.naver.com. Archived from the original on May 1, 2019. Retrieved May 1, 2019.
  7. ^ ℗ 2019 P NATION, under license to Dreamus (CRUSH - NAPPA Archived September 3, 2019, at the Wayback Machine on Apple Music)
  8. ^ "신나라레코드" (in Korean). Synnara.co.kr. July 13, 2015. Archived from the original on July 12, 2020. Retrieved March 13, 2021.
  9. ^ 김수경 기자 (April 9, 2020). "호피폴라, 드림어스컴퍼니·모스뮤직과 손잡고 컴백" (in Korean). 한국경제.
  10. ^ 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 linksEdit