Dreamus company
AI-driven music streaming and K-pop content distribution.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | $115m | - | |
| Total Funding | 000k | ||
Dreamus Company, formerly known as ReignCom and iRiver, is a South Korean electronics and entertainment company that has evolved to focus on music services and content distribution. Founded in 1999 by seven former Samsung executives, the company initially gained prominence as a manufacturer of MP3 players and other digital gadgets. Duk-Jun Yang was one of the founders and served as the CEO. The company went public on the KOSDAQ in 2003.
After being acquired by SK Telecom in 2014, the firm underwent significant strategic shifts, culminating in its rebranding to Dreamus Company in 2019. It has since divested its device manufacturing business, including the iRiver and Astell & Kern brands, to concentrate on its music and entertainment operations. This strategic pivot positions Dreamus as a key player in the K-pop ecosystem. The company's business model encompasses digital music distribution for major entertainment agencies, the production and sale of celebrity merchandise, and the operation of its own music streaming platform, 'FLO'. The FLO service utilizes AI technology to enhance user experience across a catalog of over 80 million songs.
The company generates revenue through its B2B music distribution partnerships with major K-pop agencies like JYP Entertainment, music streaming subscriptions from its FLO platform, and sales of merchandise. Dreamus is also expanding its presence in the in-car infotainment market through collaborations with automotive companies like Volvo, Mercedes-Benz, and BMW. As a subsidiary of SK Square, Dreamus is undergoing a potential acquisition, with companies like YG Plus showing interest, signaling its strategic importance in the rapidly growing global K-pop market.
Keywords: music streaming, K-pop, content distribution, digital music, entertainment technology, FLO platform, artist merchandise, music licensing, AI music, Korean entertainment, in-car infotainment, SK Square, JYP Entertainment, celebrity goods, music platform, sound equipment, audio distribution, digital content supply
