Dreamus

2025-05-11T01:21:29Z

182.2.37.5: /* Current */

{{Short description|South Korean electronics and entertainment company}}
{{more citations needed|date=March 2021}}
{{Use mdy dates|date=July 2021}}
{{Infobox company
| name = Dreamus Company
| logo = Dreamus Logo.png
| logo_alt =
| logo_caption =
| native_name = (주)드림어스컴퍼니
| native_name_lang = ko
| former_name = ReignCom<br>iRiver
| type = [[Public company|Public]]
| traded_as = {{Kosdaq|060570}}
| industry = [[Consumer electronics]]<br>[[music industry|Music]]<ref name="irivermusic">{{cite web|url=http://www.koreaherald.com/view.php?ud=20180131000775|title=SKT readying new music service with K-pop heavyweights|date=January 31, 2018|publisher=[[The Korea Herald]]|access-date=February 24, 2018|archive-date=November 11, 2020|archive-url=https://web.archive.org/web/20201111235316/http://www.koreaherald.com/view.php?ud=20180131000775|url-status=live}}</ref>
| founded = {{Start date and age|1999|01|20}}
| founder = {{illm|Yang Duk-jun|ko|양덕준}} and six others
| hq_location = iRiver House, 5 Bangbae-ro 18-gil, [[Bangbae-dong]], [[Seocho District|Seocho-gu]], [[Seoul]], [[South Korea]]
| area_served = Worldwide
| key_people = Lee Ki-young ([[Chief executive officer|CEO]])
| services =
| revenue = {{increase}} [[United States dollar|US$]]51,649<ref name="iriverstock">{{cite web|url=https://finance.yahoo.com/quote/060570.KQ?ltr=1|title=iRiver|publisher=[[Yahoo Finance]]|access-date=August 30, 2016|archive-date=September 20, 2016|archive-url=https://web.archive.org/web/20160920204724/http://finance.yahoo.com/quote/060570.KQ?ltr=1|url-status=live}}</ref>
| revenue_year =
| operating_income = {{decrease}} US$280<ref name="iriverstock"/>
| income_year = 2015
| net_income = {{decrease}} US$589<ref name="iriverstock"/>
| net_income_year = 2015
| assets = {{decrease}} US$56,081<ref name="iriverstock"/>
| assets_year = 2015
| owners = {{ublist
| SK Square (51.44%)
| [[SM Entertainment]] (17.77%)
| [[JYP Entertainment]] (0.83%)
| Others (29.96%)<ref>{{cite web|url=https://www.marketscreener.com/quote/stock/DREAMUS-COMPANY-120962216/company/|title=DREAMUS COMPANY (A060570)|date=July 29, 2023|access-date=July 29, 2023|archive-date=July 29, 2023|archive-url=https://web.archive.org/web/20230729153726/https://www.marketscreener.com/quote/stock/DREAMUS-COMPANY-120962216/company/|url-status=live}}</ref>
}}
| parent = SK Square ([[SK Telecom]])
| divisions = {{plainlist|
* [[IRiver|iRiver Limited]]
* iRiver China Limited <ref name="iriver">{{cite web|url=http://www.iriver.com/company/contact.asp|title=Iriver Global - Contact Info|website=Iriver Global|access-date=April 24, 2018|archive-date=June 25, 2018|archive-url=https://web.archive.org/web/20180625185935/https://www.iriver.com/company/contact.asp|url-status=live}}</ref>
}}
| subsid = {{plainlist|
* [[Astell & Kern]]
* Yurion
* Funcake Entertainment Services
}}
| website = {{URL|http://www.dreamuscompany.com}}
}}
'''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.<ref>{{Cite web |last=강 |first=윤승 |date=2014-06-25 |title=SK Telecom to acquire Iriver for 29.5 bln won |url=https://en.yna.co.kr/view/AEN20140625005100320 |access-date=2022-11-08 |website=[[Yonhap News Agency]] |language=en |archive-date=November 8, 2022 |archive-url=https://web.archive.org/web/20221108174805/https://en.yna.co.kr/view/AEN20140625005100320 |url-status=live }}</ref>

== History ==
Seven former [[Samsung]] executives created the company in 1999 and made its [[Initial public offering|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.<ref>{{cite web|last=Silver|first=Stephen|title=iriver's parent company, Reigncom, Ltd., has announced that it will change it name to iriver, Ltd., and also name a new CEO|url=https://www.dealerscope.com/article/irivers-parent-company-reigncom-ltd-has-announced-change-name-iriver-ltd-also-name-new-ceo-405748/|access-date=June 15, 2020|website=Dealerscope|language=en|archive-date=September 3, 2019|archive-url=https://web.archive.org/web/20190903144141/https://www.dealerscope.com/article/irivers-parent-company-reigncom-ltd-has-announced-change-name-iriver-ltd-also-name-new-ceo-405748/|url-status=live}}</ref>

In August 2014, SK Telecom acquired iRiver for 30 billion won.<ref name="SKT가 인수한 '옛 아이리버' 적자 탈출">{{Cite web |date=2021-05-18 |title=SKT가 인수한 '옛 아이리버' 적자 탈출 |url=https://www.hankyung.com/it/article/2021051866611 |access-date=2022-11-09 |website=[[The Korea Economic Daily]] |language=ko |archive-date=November 8, 2022 |archive-url=https://web.archive.org/web/20221108175150/https://www.hankyung.com/it/article/2021051866611 |url-status=live }}</ref>

=== Entry into music ===
In January 2015, music streaming platform Music Mate was launched.<ref>{{Cite web |date=2021-05-18 |title=SKT가 인수한 '옛 아이리버' 적자 탈출 |url=https://www.hankyung.com/it/article/2021051866611 |access-date=2022-11-08 |website=[[The Korea Economic Daily]] |language=ko |archive-date=November 8, 2022 |archive-url=https://web.archive.org/web/20221108175150/https://www.hankyung.com/it/article/2021051866611 |url-status=live }}</ref>

On July 17, 2017 SM Entertainment acquired a stake in iRiver and became the second largest shareholder.<ref>{{Cite web |date=2017-07-17 |title=SM엔터, 아이리버 2대 주주 등극…'글로벌 콘텐츠 시장 본격 공략' |url=https://www.sedaily.com/NewsView/1OIIDB8KM5/GD0501 |access-date=2022-11-08 |website=서울경제 |language=ko |archive-date=November 8, 2022 |archive-url=https://web.archive.org/web/20221108174805/https://www.sedaily.com/NewsView/1OIIDB8KM5/GD0501 |url-status=live }}</ref>

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 e-commerce|B2B]] music distribution and a [[B2C]] music service platform.<ref>{{cite web|url=https://www.music-flo.com/|title=FLO | 지금 당신의 음악, 플로|website=www.music-flo.com|publisher=Dreamus Company|access-date=March 13, 2021|archive-date=April 16, 2019|archive-url=https://web.archive.org/web/20190416121204/http://www.music-flo.com/|url-status=live}}</ref><ref>{{Cite web |last=윤 |first=상근 |title=SM·JYP·빅히트, 음악콘텐츠 사업 공동 추진한다(공식) |url=https://entertain.naver.com/now/read?oid=108&aid=0002676680 |access-date=2022-11-08 |website=entertain.naver.com |language=ko |archive-date=November 8, 2022 |archive-url=https://web.archive.org/web/20221108174805/https://entertain.naver.com/now/read?oid=108&aid=0002676680 |url-status=live }}</ref> As part of this agreement, beginning from February 1, iRiver would distribute JYP and Big Hit’s album and digital music contents.<ref>{{Cite web |date=2018-01-31 |title=SM, JYP, And Big Hit To Launch Joint Music Enterprise |url=https://www.soompi.com/article/1117157wpp/sm-jyp-big-hit-launch-joint-music-enterprise |access-date=2022-11-08 |website=[[Soompi]] |language=en |archive-date=November 8, 2022 |archive-url=https://web.archive.org/web/20221108174802/https://www.soompi.com/article/1117157wpp/sm-jyp-big-hit-launch-joint-music-enterprise |url-status=live }}</ref> HYBE would later go on to strike a distribution deal with [[YG Plus]] in January 27, 2021 hence no longer partnering with Dreamus.<ref>{{Cite web |last=Frater |first=Patrick |date=2021-01-27 |title=BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG |url=https://variety.com/2021/biz/asia/bts-agency-big-hit-entertainment-invest-in-yg-1234893216/ |access-date=2022-11-08 |website=Variety |language=en-US |archive-date=January 27, 2021 |archive-url=https://web.archive.org/web/20210127115651/https://variety.com/2021/biz/asia/bts-agency-big-hit-entertainment-invest-in-yg-1234893216/ |url-status=live }}</ref>

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'.<ref name="SKT가 인수한 '옛 아이리버' 적자 탈출"/>

On March 28, 2019, iRiver announced that they would rename to '''Dreamus Company'''.<ref>{{cite web|url=https://n.news.naver.com/article/001/0010726293|title=아이리버, '드림어스컴퍼니'로 사명 변경…새대표에 이기영씨|website=[[Naver News]]|access-date=May 1, 2019|archive-date=May 1, 2019|archive-url=https://web.archive.org/web/20190501132849/https://n.news.naver.com/article/001/0010726293|url-status=live}}</ref>

On November 18, 2021 Dreamus partnered with entertainment agency [[RBW (company)|RBW]] and FLO and signed an exclusive performance partnership contract, with this Dreamus owns a 2.04% stake in RBW.<ref>{{Cite web |title=플로, RBW와 공연 파트너십 계약 체결…"다양한 협업" |url=https://m.joynews24.com/v/1423853 |access-date=2022-11-11 |website=inews24 |language=ko |archive-date=November 11, 2022 |archive-url=https://web.archive.org/web/20221111043328/https://m.joynews24.com/v/1423853 |url-status=live }}</ref>

On November 29, 2021 SK Telecom, originally Dreamus' parent company, created and spun off SK Square, with Dreamus becoming a subsidiary of SK Square.<ref>{{Cite web |last=Yonhap |date=2021-11-01 |title=SK Telecom names new CEO following non-telecom spinoff |url=https://www.koreaherald.com/view.php?ud=20211101000714 |access-date=2022-11-11 |website=[[The Korea Herald]] |language=en |archive-date=November 11, 2022 |archive-url=https://web.archive.org/web/20221111040643/https://www.koreaherald.com/view.php?ud=20211101000714 |url-status=live }}</ref>

== Distributed labels ==
=== Current ===
;South Korea
As of 2024:
* Company Soosoo
* INB100
* ODE Entertainment
* [[SM Entertainment]] (co-distributed with [[Kakao Entertainment]])
** [[Label SJ]] (co-distributed with [[Kakao Entertainment]])
** Million Market (co-distributed with [[Kakao Entertainment]])
** [[Mystic Story]]<ref>{{cite web |title=드림어스컴퍼니 |url=https://www.dreamuscompany.com/notice/r_view/9/799 |website=www.dreamuscompany.com |language=ko}}</ref> (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]]<ref>℗ 2019 P NATION, under license to Dreamus ([https://music.apple.com/us/album/nappa-single/1477713319 CRUSH - NAPPA] {{Webarchive|url=https://web.archive.org/web/20190903193312/https://music.apple.com/us/album/nappa-single/1477713319 |date=September 3, 2019 }} on [[Apple Music]])</ref> (co-distributed with [[Kakao Entertainment]], [[Genie Music]], [[Stone Music Entertainment]] and [[Warner Music Group|Warner Music Korea]])
* MODHAUS
* NUPLAY
* [[Baek Ye-rin|Blue Vinyl]]<ref>{{cite web |url=https://www.synnara.co.kr/sp/sp120Main.do?categoryId=CT22101001&productId=P000431045#.XwnAMXUzYfw |title=신나라레코드 |language=ko |publisher=Synnara.co.kr |date=July 13, 2015 |accessdate=March 13, 2021 |archive-date=July 12, 2020 |archive-url=https://web.archive.org/web/20200712024541/https://www.synnara.co.kr/sp/sp120Main.do?categoryId=CT22101001&productId=P000431045#.XwnAMXUzYfw |url-status=live }}</ref>
* Biscuit Entertainment
* IOK Music
* 131 Label
* Moss Music<ref name="hankyung">{{Cite web|url = https://www.hankyung.com/entertainment/article/2020040981454|title = 호피폴라, 드림어스컴퍼니·모스뮤직과 손잡고 컴백|date = April 9, 2020|author=김수경|publisher = 한국경제|language = ko|access-date = August 29, 2021|archive-date = April 12, 2020|archive-url = https://web.archive.org/web/20200412103246/https://www.hankyung.com/entertainment/article/2020040981454|url-status = live}}</ref>

;International
* [[Avex Inc.]]{{efn|By way of licensing through [[SM Entertainment]].}}
* [[Johnny & Associates]]
** [[J Storm]]
* [[SM Entertainment]]
** Label V

=== Former ===
* [[Hybe Corporation]]{{efn|Except Belift Lab, which is distributed by [[Genie Music]] and [[Stone Music Entertainment]]}} (2018-2021, moved to [[YG Plus]]<ref>{{Cite web|last=Frater|first=Patrick|date=January 27, 2021|title=BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG|url=https://variety.com/2021/biz/asia/bts-agency-big-hit-entertainment-invest-in-yg-1234893216/|access-date=March 18, 2021|website=Variety|archive-date=January 27, 2021|archive-url=https://web.archive.org/web/20210127115651/https://variety.com/2021/biz/asia/bts-agency-big-hit-entertainment-invest-in-yg-1234893216/|url-status=live}}</ref>)
** [[Big Hit Music]]
** [[Pledis Entertainment]]

== Notes ==
{{Notelist}}

== References ==
{{Reflist}}

==External links==
{{Portal|Companies}}
*{{Official|https://www.dreamuscompany.com}}

{{SK Group}}
{{K-pop}}
{{Universal Music Group}}
{{Authority control}}

[[Category:IRiver| ]]
[[Category:Electronics companies of South Korea]]
[[Category:Entertainment companies of South Korea]]
[[Category:South Korean record labels]]
[[Category:SK Group subsidiaries]]

wiki143 - User contributions [en]

Dreamus