Dreamus

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.

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

Entry into music

In January 2015, music streaming platform Music Mate was launched.

On July 17, 2017 SM Entertainment acquired a stake in iRiver and became the second largest shareholder.

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. As part of this agreement, beginning from February 1, iRiver would distribute JYP and Big Hit’s album and digital music contents. HYBE would later go on to strike a distribution deal with YG Plus in January 27, 2021 hence no longer partnering with Dreamus.

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'.

On March 28, 2019, iRiver announced that they would rename to Dreamus Company.

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.

On November 29, 2021 SK Telecom, originally Dreamus' parent company, created and spun off SK Square, with Dreamus becoming a subsidiary of SK Square.

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 (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 (co-distributed with Kakao Entertainment, Genie Music, Stone Music Entertainment and Warner Music Korea)

• MODHAUS

• NUPLAY

• Blue Vinyl

• Biscuit Entertainment

• IOK Music

• 131 Label

• Moss Music

• ASND ;International

• Avex Inc.

• Johnny & Associates

  • J Storm

• SM Entertainment

  • Label V

Former

• Hybe Corporation (2018-2021, moved to YG Plus)
  • Big Hit Music
  • Pledis Entertainment

Notes

References

References

1. (January 31, 2018). "SKT readying new music service with K-pop heavyweights". [[The Korea Herald]].
2. "iRiver". [[Yahoo Finance]].
3. (July 29, 2023). "DREAMUS COMPANY (A060570)".
4. "Iriver Global - Contact Info".
5. 강, 윤승. (2014-06-25). "SK Telecom to acquire Iriver for 29.5 bln won".
6. 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".
7. (2021-05-18). "SKT가 인수한 '옛 아이리버' 적자 탈출".
8. (2017-07-17). "SM엔터, 아이리버 2대 주주 등극…'글로벌 콘텐츠 시장 본격 공략'".
9. "FLO | 지금 당신의 음악, 플로". Dreamus Company.
10. 윤, 상근. "SM·JYP·빅히트, 음악콘텐츠 사업 공동 추진한다(공식)".
11. (2018-01-31). "SM, JYP, And Big Hit To Launch Joint Music Enterprise".
12. Frater, Patrick. (2021-01-27). "BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG".
13. "아이리버, '드림어스컴퍼니'로 사명 변경…새대표에 이기영씨".
14. "플로, RBW와 공연 파트너십 계약 체결…"다양한 협업"".
15. Yonhap. (2021-11-01). "SK Telecom names new CEO following non-telecom spinoff".
16. "드림어스컴퍼니".
17. ℗ 2019 P NATION, under license to Dreamus ([https://music.apple.com/us/album/nappa-single/1477713319 CRUSH - NAPPA] {{Webarchive. link. (September 3, 2019 on [[Apple Music]]))
18. (July 13, 2015). "신나라레코드". Synnara.co.kr.
19. 김수경. (April 9, 2020). "호피폴라, 드림어스컴퍼니·모스뮤직과 손잡고 컴백". 한국경제.
20. Frater, Patrick. (January 27, 2021). "BTS Agency Big Hit Entertainment to Invest $63 Million in Rival YG".