iriver Inc

iriver Inc
	The current logo as of August 2016.
Formerly	ReignCom
Type	Public
Traded as	KRX: 060570
Industry	Consumer electronics; Music[1]
Founded	1999
Founder	Duk-Jun Yang
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	iriver.com (Global); iriver.co.kr (Korean)

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.

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 founder, 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.

Entry into music

On January 31, 2018, Iriver announced its entry into the Korean music industry. Together with parent SK Telecom and music labels S.M. Entertainment, JYP Entertainment and Big Hit Entertainment, the company will launch a new online music store in the second half of 2018.^[1]

Distributed labels

As of February 2018:

SM Entertainment (including J Storm and Avex Trax releases)
- Mystic Entertainment (select releases only; co-distributed with kakao M)
- Woollim Entertainment (select releases only; co-distributed with kakao M)
JYP Entertainment
Big Hit Entertainment

References

1 2 "SKT readying new music service with K-pop heavyweights". The Korea Herald. Retrieved February 24, 2018.
1 2 3 4 "Iriver". Yahoo Finance. Retrieved 30 August 2016.
↑ "Iriver Global - Contact Info". Iriver Global. Retrieved 2018-04-24.

External links

ReignCom Homepage

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[irivermusic-1] 1 2 "SKT readying new music service with K-pop heavyweights". The Korea Herald. Retrieved February 24, 2018.

[iriverstock-2] 1 2 3 4 "Iriver". Yahoo Finance. Retrieved 30 August 2016.

[iriver-3] "Iriver Global - Contact Info". Iriver Global. Retrieved 2018-04-24.