Dreamus

From Wikipedia, the free encyclopedia

Template:Short description

Page Module:Message box/ambox.css has no content.

Template:DMCA

Page Module:Infobox/styles.css has no content.Page Template:Infobox company/styles.css has no content.

Dreamus Company
Native name
Script error: No such module "Lang".
FormerlyReignCom
iRiver
Company type
Public
KRX: 060570
ISINScript error: No such module "WikidataIB".
IndustryScript error: No such module "WikidataIB".
PredecessorScript error: No such module "WikidataIB".
IncorporatedScript error: No such module "WikidataIB".
FoundedScript error: No such module "WikidataIB".
FounderScript error: No such module "WikidataIB".
DefunctScript error: No such module "WikidataIB".
SuccessorScript error: No such module "WikidataIB".
HeadquartersiRiver House, 5 Bangbae-ro 18-gil, Bangbae-dong, Seocho-gu, Seoul, South Korea
Area served
Worldwide
Key people
Lee Ki-young (CEO)
RevenueScript error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Total assetsScript error: No such module "WikidataIB".
OwnersPage Template:Plainlist/styles.css has no content.
Number of employees
Script error: No such module "WikidataIB".
ParentSK Square (SK Telecom)
DivisionsPage Template:Plainlist/styles.css has no content.
SubsidiariesPage Template:Plainlist/styles.css has no content.
Websitewww.dreamuscompany.com

Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for deprecated parameters".

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.[5]

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.[6]

In August 2014, SK Telecom acquired iRiver for 30 billion won.[7]

Entry into music

In 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 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.[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 with YG Plus in 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 to Dreamus Company.[14]

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.[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

Current

South Korea

As of 2024:

International

Former

Notes

Page Template:Reflist/styles.css has no content.

  1. ^ By way of licensing through SM Entertainment.
  2. ^ Except Belift Lab, which is distributed by Genie Music and Stone Music Entertainment

References

Page Template:Reflist/styles.css has no content.

  1. ^ Page Module:Citation/CS1/styles.css has no content."DREAMUS COMPANY (A060570)". July 29, 2023. Archived from the original on July 29, 2023. Retrieved July 29, 2023.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Iriver Global - Contact Info". Iriver Global. Archived from the original on June 25, 2018. Retrieved April 24, 2018.
  3. ^ Page Module:Citation/CS1/styles.css has no content."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.
  4. ^ a b c d Page Module:Citation/CS1/styles.css has no content."iRiver". Yahoo Finance. Archived from the original on September 20, 2016. Retrieved August 30, 2016.
  5. ^ Page Module:Citation/CS1/styles.css has no content.강, 윤승 (June 25, 2014). "SK Telecom to acquire Iriver for 29.5 bln won". Yonhap News Agency. Archived from the original on November 8, 2022. Retrieved November 8, 2022.
  6. ^ Page Module:Citation/CS1/styles.css has no content.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.
  7. ^ a b Page Module:Citation/CS1/styles.css has no content."SKT가 인수한 '옛 아이리버' 적자 탈출". The Korea Economic Daily (in 한국어). May 18, 2021. Archived from the original on November 8, 2022. Retrieved November 9, 2022.
  8. ^ Page Module:Citation/CS1/styles.css has no content."SKT가 인수한 '옛 아이리버' 적자 탈출". The Korea Economic Daily (in 한국어). May 18, 2021. Archived from the original on November 8, 2022. Retrieved November 8, 2022.
  9. ^ Page Module:Citation/CS1/styles.css has no content."SM엔터, 아이리버 2대 주주 등극…'글로벌 콘텐츠 시장 본격 공략'". 서울경제 (in 한국어). July 17, 2017. Archived from the original on November 8, 2022. Retrieved November 8, 2022.
  10. ^ Page Module:Citation/CS1/styles.css has no content."FLO | 지금 당신의 음악, 플로". www.music-flo.com. Dreamus Company. Archived from the original on April 16, 2019. Retrieved March 13, 2021.
  11. ^ Page Module:Citation/CS1/styles.css has no content.윤, 상근. "SM·JYP·빅히트, 음악콘텐츠 사업 공동 추진한다(공식)". entertain.naver.com (in 한국어). Archived from the original on November 8, 2022. Retrieved November 8, 2022.
  12. ^ Page Module:Citation/CS1/styles.css has no content."SM, JYP, And Big Hit To Launch Joint Music Enterprise". Soompi. January 31, 2018. Archived from the original on November 8, 2022. Retrieved November 8, 2022.
  13. ^ Page Module:Citation/CS1/styles.css has no content.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 November 8, 2022.
  14. ^ Page Module:Citation/CS1/styles.css has no content."아이리버, '드림어스컴퍼니'로 사명 변경…새대표에 이기영씨". Naver News. Archived from the original on May 1, 2019. Retrieved May 1, 2019.
  15. ^ Page Module:Citation/CS1/styles.css has no content."플로, RBW와 공연 파트너십 계약 체결…"다양한 협업"". inews24 (in 한국어). Archived from the original on November 11, 2022. Retrieved November 11, 2022.
  16. ^ Page Module:Citation/CS1/styles.css has no content.Yonhap (November 1, 2021). "SK Telecom names new CEO following non-telecom spinoff". The Korea Herald. Archived from the original on November 11, 2022. Retrieved November 11, 2022.
  17. ^ Page Module:Citation/CS1/styles.css has no content."드림어스컴퍼니". www.dreamuscompany.com (in 한국어).
  18. ^ ℗ 2019 P NATION, under license to Dreamus (CRUSH - NAPPA Script error: No such module "webarchive". on Apple Music)
  19. ^ Page Module:Citation/CS1/styles.css has no content."신나라레코드" (in 한국어). Synnara.co.kr. July 13, 2015. Archived from the original on July 12, 2020. Retrieved March 13, 2021.
  20. ^ Page Module:Citation/CS1/styles.css has no content.김수경 (April 9, 2020). "호피폴라, 드림어스컴퍼니·모스뮤직과 손잡고 컴백" (in 한국어). 한국경제. Archived from the original on April 12, 2020. Retrieved August 29, 2021.
  21. ^ Page Module:Citation/CS1/styles.css has no content.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.

Lua error in mw.title.lua at line 404: bad argument #2 to 'title.new' (unrecognized namespace name 'Portal').

Lua error in package.lua at line 80: module 'Module:Navbox/configuration' not found. Lua error in package.lua at line 80: module 'Module:Navbox/configuration' not found. Template:Universal Music Group Lua error in package.lua at line 80: module 'Module:Authority control/config' not found.

Retrieved from "https://cosmopedia.co/index.php?title=Dreamus&oldid=1521325"