iriver Inc

iriver Inc 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 MP3 player manufacturer iriver Limited, as well as Yurion and Funcake Entertainment Services. Since 2014, it is a subsidiary of SK Telecom.

This article is about is about iriver Inc. For its brand and marketing division, see iriver.

iriver Inc

Formerly	ReignCom
Type	Public
Traded as	KRX: 060570
Industry	Consumer electronics Music[1]
Founded	1999 (1999)
Founder	Duk-Jun Yang
Headquarters	South Korea
Area served	Worldwide
Key people	Duk-Jun Yang (CEO)
Revenue	US$51,649[2] (2015)
Operating income	US$280[2] (2015)
Net income	US$589[2] (2015)
Total assets	US$56,081[2] (2015)
Parent	SK Telecom
Divisions	iriver Limited iriver China Limited [3]
Subsidiaries	Astell&Kern Yurion Funcake Entertainment Services
Website	www.dreamuscompany.com

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, JYP Entertainment, and Big Hit Entertainment, the company launched a new online music store called FLO[5] in the second half of 2018.[1]

On March 28, 2019 Iriver announced that they would renamed to Dreamus Company.[6]

Distributed labels

As of August 2019:

• SM Entertainment (including J Storm and Avex Trax releases)
  • Million Market
  • Mystic Story (select releases only; co-distributed with kakao M)
  • Woollim Entertainment (select releases only; co-distributed with kakao M)
• JYP Entertainment
• Big Hit Entertainment
  • Pledis Entertainment (select releases only; co-distributed with Genie Music and Stone Music Entertainment)
  • Source Music (select releases only; co-distributed with kakao M)
• Dublekick Company
• MLD Entertainment (select releases only; co-distributed with kakao M)
• P Nation[7] (co-distributed with kakao M)
• NUPLAY
• Blue Vinyl[8]
• Vine Entertainment

References

1. "SKT readying new music service with K-pop heavyweights". The Korea Herald. Retrieved February 24, 2018.
2. "Iriver". Yahoo Finance. Retrieved 30 August 2016.
3. "Iriver Global - Contact Info". Iriver Global. Retrieved 2018-04-24.
4. 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. Retrieved 2020-06-15.
5. https://music-flo.com/
6. https://n.news.naver.com/article/001/0010726293
7. ℗ 2019 P NATION, under license to Dreamus (CRUSH - NAPPA on Apple Music)
8. https://www.synnara.co.kr/sp/sp120Main.do?categoryId=CT22101001&productId=P000431045#.XwnAMXUzYfw

External links

• ReignCom Homepage