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
Public
Traded asKRX: 060570
IndustryConsumer electronics
Music[1]
Founded1999 (1999)
FounderDuk-Jun Yang
Headquarters
South Korea 
Area served
Worldwide
Key people
Duk-Jun Yang (CEO)
Revenue US$51,649[2] (2015)
US$280[2] (2015)
US$589[2] (2015)
Total assets US$56,081[2] (2015)
ParentSK Telecom
Divisionsiriver Limited
iriver China Limited [3]
Subsidiaries
Websitewww.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:

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)


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