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Native name | (주)드림어스컴퍼니 |
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Formerly | ReignCom iRiver |
Company type | Public |
KRX: 060570 | |
Industry | Consumer electronics Music [1] |
Founded | January 20, 1999 |
Founder | Yang Duk-jun |
Headquarters | iRiver House, 5 Bangbae-ro 18-gil, Bangbae-dong, Seocho-gu, Seoul, South Korea |
Area served | Worldwide |
Key people | Lee Ki-young (CEO) |
Revenue | ![]() |
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Total assets | ![]() |
Owners |
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Parent | SK Square (SK Telecom) |
Divisions |
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Subsidiaries |
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Website | www |
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]
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]
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]
As of 2024:
SK Telecom Co., Ltd., abbreviated as SKT is a South Korean wireless telecommunications operator and former film distributor and is part of the SK Group, one of the country's largest chaebols. It leads the local market with 50.5 percent share as of 2008. SK Telecom is the largest wireless carrier in South Korea, with 27.019 million subscribers as of Q4 2017.
iRiver, stylized IRIVER and formerly as iriver, is a South Korean consumer electronics division owned by Dreamus which markets music and other accessories in its domestic market.
SM Entertainment Co., Ltd. is a South Korean multinational entertainment agency established in 1995 by Lee Soo-man. It is one of South Korea's largest entertainment companies and has been responsible for fostering and popularizing the careers of many K-pop stars garnering huge global fanbases. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. SM Entertainment is known for having led the worldwide K-pop phenomenon and the musical side of "Hallyu", also known as the "Korean Wave", with early overseas successes such as H.O.T., S.E.S., and BoA.
JYP Entertainment Corporation is a South Korean multinational entertainment and record label conglomerate founded in 1997 by J. Y. Park. Operating as a record label, talent agency, music production company, event management company, concert production company and music publishing house, it is one of the largest entertainment companies in South Korea. The company also operates subsidiary ventures and divisions internationally.
YG Entertainment is a South Korean multinational entertainment agency established in 1996 by Yang Hyun-suk. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. In addition, the company operates a number of subsidiary ventures under a separate public traded company, YG Plus, which includes a clothing line, a golf management agency, and a cosmetics brand.
Kakao M was a South Korean entertainment company established by Min Yeong-bin in 1978. It was one of the largest co-publisher companies in South Korea. The company operated as a record label, talent agency, music production company, event management, concert production company, and music publishing house.
Music Network is a South Korean pay television music channel owned by CJ ENM Entertainment Division.
Hybe Co., Ltd. is a South Korean multinational entertainment company established in 2005 by Bang Si-hyuk as Big Hit Entertainment Co., Ltd. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. It has multiple subsidiaries, including Big Hit Music, Belift Lab, Source Music, Pledis Entertainment, KOZ Entertainment, and ADOR, collectively known as Hybe Labels.
Melon is a South Korean online music store and music streaming service introduced in November 2004, and developed by SK Telecom. LOEN Entertainment became the company-in-charge of the service in 2009. In 2017, Kakao merged Kakao Music into Melon to have one, unified music streaming service.
Genie Music (Korean: 지니뮤직), a subsidiary of KT Corporation, is a South Korean company that specializes in the production and distribution of music content. Its music streaming service is the second most used in South Korea with 2.5 million subscribers as of June 2018.
The videography of the South Korean group Red Velvet consists of thirty-two music videos and two video albums.
SM Station is a digital music project by South Korean record label SM Entertainment. It undertook to release one digital single every Friday starting from February 3, 2016. The project's first season ended on February 3, 2017, with 52 songs. Its second season began on March 31, 2017, and concluded on April 6, 2018, with a total of 57 songs. In 2022, it introduced NCT Lab, a sub-project dedicated to individual projects for NCT members.
Source Music is a South Korean record label established in 2009 by So Sung-jin. In July 2019, the company was acquired by Hybe Corporation, making the company part of the collective term "Hybe Labels". The company manages girl group Le Sserafim, and previously managed soloist Kan Mi-youn and girl groups Glam and GFriend.
Lysn was a Korean mobile application created by South Korean company Dear U exclusively for SM Entertainment. The application specializes in artist-to-fan communications and fan club memberships through subscription. Initially launched in 2018, it gained popularity when it introduced the Bubble in February 2020 while expanding its service through the participation of other entertainment companies. Kwangya Club then replaced the application after its termination on July 20, 2022.
Dear U is a South Korean software development company under SM Studios, a wholly-owned subsidiary of SM Entertainment. The company was formerly called Everysing and was established in July 2017. It merged with Brinicle as it emphasized the union of information technology and entertainment business. It specializes in hosting multimedia content and artist-to-fan communications for artists and offers products and services including Everysing, Lysn, and Bubble.
YG Plus Inc. is a South Korean publicly traded media and advertising company acquired by YG Entertainment in November 2014. In 2019, the company entered the music distribution industry and also engages in production, distribution, and licensing of merchandise related to music artists. In January 2021, Hybe Corporation and its technology subsidiary, Weverse Company, acquired 17.89% of the company in a merchandising and distribution deal that would see YG Entertainment's artists join Weverse in return.
Big Hit Music, formerly Big Hit Entertainment, is a South Korean record label established in 2005 by Bang Si-hyuk. It was re-branded and re-structured into an independent label under Hybe Corporation in March 2021. As of date, the label is home to soloist Lee Hyun, and boy groups BTS and Tomorrow X Together. It previously managed soloist Lim Jeong-hee, and groups 8Eight, 2AM, and co-managed Glam.
SM Entertainment Japan is the Japanese branch and subsidiary of the South Korean entertainment company SM Entertainment. The company is employed in the sole administration of SM artists in Japan, handles exclusive licensing rights for the sales of albums, digital music, and merchandising, and facilitates the concert marketing for concerts and fan meetings held in Japan. It was established on January 22, 2001, with the Japanese record label Avex and Japanese television production company Yoshimoto Kogyo.
Tak Young-jun is a South Korean business executive and the current COO and co-CEO of SM Entertainment. He serves as the CEO of SM Life Design Group and as a representative director of SM Entertainment Japan. Tak began working for SM in 2001 and was previously employed as the head of the singer management office, management office, and performance directing team. He was formerly a manager of Shinhwa and Super Junior, and is currently the director of SM's new boy group Riize.