Dreamus

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Dreamus Company
Native name
(주)드림어스컴퍼니
Formerly called
ReignCom
IRIVER
Public
Traded as KRX: 060570
Industry Consumer electronics
Music[1]
Founded 1999; 25 years ago (1999)
Founder Yang Duk-jun
Area served
Worldwide
Key people
Lee Ki-young (CEO)
Revenue Increase US$51,649[2]
Decrease US$280[2] (2015)
Decrease US$589[2] (2015)
Total assets Decrease US$56,081[2] (2015)
Parent SK Telecom
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Website www.dreamuscompany.com

Dreamus is an electronics and entertainment company founded in 1999 originally as ReignCom. Headquartered in 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 is a subsidiary of SK Telecom.

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.[4]

Entry into music

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 labels

Current

South Korea

As of February 2021:

International

Former

References

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  2. 2.0 2.1 2.2 2.3 Lua error in package.lua at line 80: module 'strict' not found.
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  7. ℗ 2019 P NATION, under license to Dreamus (CRUSH - NAPPA Archived September 3, 2019, at the Wayback Machine on Apple Music)
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External links


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