Company:Dear U
Native name | 디어유 |
---|---|
Formerly | everysing (2017–2020)[lower-alpha 1] |
Type | Public |
KRX: 376300 | |
Industry | Software development |
Founded | July 4, 2017 |
Headquarters | 4F, 633, Samseong-ro, Gangnam District, Seoul , South Korea |
Key people | Ahn Jong-oh (CEO) Lee Hak-hee (COO) |
Owner | |
Parent | SM Studios |
Website | {{{1}}} |
Dear U[lower-alpha 2] (Korean: 디어유) is a South Korean software development company under SM Studios, a wholly-owned subsidiary of SM Entertainment. The company was formerly called Everysing and was established in July 2017. It merged with Brinicle as it emphasized the union of information technology and entertainment business. It specializes in hosting multimedia content and artist-to-fan communications for artists and offers products and services including Everysing, Lysn, and Bubble.
History
2017–2020: Establishment and merger
In July 2017, Dear U was established under the name of Everysing, which was founded by SM Entertainment with an investment of 6 billion won.[4] In September 2018, Avex invested 5 billion won on the company with a capital increase of 500 million won.[1] On January 1, 2019, the company merged with Brinicle, whose main business is software development and supply.[5] After the merger, it provided a fan community platform, Bubble, as its main service.[6] The flagship service of Dear U, Bubble, came from noting SM's experience in managing fan clubs and Brinicle's ability to develop messenger services.[7] Lee Soo-man entrusted the chief executive officer position of the company to Ahn Jong-oh, who was also the CEO of Brinicle. Additionally, Lee has increased the related manpower pool while emphasizing the combination of information technology and entertainment business.[4]
2021–present: Restructuring and stock acquisition
On March 16, 2021, Dear U announced that they have raised the annual salary of all its employees by 15 million won.[8] The company raised its annual salary to secure high-quality manpower to develop Bubble and Lysn applications.[9] Lee Hak-hee, the chief operating officer of the company stated that Dear U is "paying attention" in "securing competitiveness" through "excellent" human resources.[10] Through a public announcement on April 5, SM Entertainment established a wholly-owned subsidiary to promote the restructuring of group affiliates and to improve business structure.[11] It was reported that SM would invest in SM Studios as it established a new corporation with all shares of SM Culture & Contents, KeyEast, SM Life Design Group, Dear U, and Mystic Story, on which it seeks to streamline group management through a responsible management system as it plans to focus more on the music business.[12][13]
On June 4, 2021, SM reported that JYP Entertainment had acquired a 23.3% stake in Dear U as it began to expand its influence in the platform business.[14][15] JYP announced the acquisition of an additional 14.1% of the old common stock of the company owned by SM Studios.[16] Previously, on May 26, JYP had an acquisition of 1,682,000 shares of the company's old common stock.[17] It had a stake of 9.1%, at about 8.4 billion won, and the final number of shares acquired was 4,285,192 shares with a 23.3% stake, and the investment amount was about 21.4 billion won.[18][19] Its goal is to grow Dear U Bubble into a competitive mobile platform in the global market, noting the "synergy" between the two companies with global networks.[20]
Previously, the entertainment industry and investment banking industry reported that Dear U is currently undergoing due diligence to apply for a preliminary examination for listing on the Korea Exchange.[21] On June 11, 2021, the company submitted a preliminary review request for KOSDAQ listing to the Korea Exchange and started the initial public offering (IPO) process.[22] It aims to be listed in the second half of this year in order to establish itself as a leading company in the global market, and the listing organizer is Korea Investment & Securities.[23] Through the IPO, the company is planning to increase its "corporate awareness" and invest in developing a global message platform that will provide various services such as entering overseas markets and expanding platforms such as metaverse.[24] It listed about 16,812,769 shares, of which near 20% will be put up for public offering.[25]
Products and services
Lysn and Bubble service
Dear U's core business, Dear U Bubble, is a service platform that receives personal messages written by artists.[26] It can be downloaded from application markets and purchase it as a regular subscription for 4,500 won per month. Starting with SM Entertainment, Dear U Bubble, which was launched in February 2020, has signed contracts with a total of 25 local entertainment companies, including JYP Entertainment, FNC Entertainment, Jellyfish Entertainment, WM Entertainment, Brand New Music, Play M Entertainment, Top Media, RBW and Mystic Story, and is currently with a total of 39 groups and 21 solo artists, with a total of 247 artists.[27] It was reported that the service has a "steady increase" in the number of subscribers, with the current share of global users reaching 70%.[28] In the future, it plans to recruit not only Korean artists, but also American and Japanese artists as it plans on continuing to expand various additional services in order to strengthen its position as a "global platform".[10]
Application | Participating Artist | Company | Ref. |
---|---|---|---|
Lysn | Artists
|
SM Entertainment | [29] |
Bubble for Jellyfish | Artists
|
Jellyfish Entertainment | [30] |
Bubble for JYPnation | Artists
|
JYP Entertainment | [32] |
Bubble for WM | Artists
|
WM Entertainment | [33] |
Bubble for Top | Artists
|
Top Media | [34] |
Bubble for IST | Artists
|
IST Entertainment | [37] |
Bubble for RBW | Artists
|
RBW | [38] |
Bubble with Stars | Artists
|
Companies
|
[46] |
Bubble for Starship | Artists
|
Starship Entertainment | [51] |
Bubble for Cube | Artists
|
Cube Entertainment | [52] |
Bubble for BPM | Artists
|
BPM Entertainment | [53] |
Bubble for Sports | Athletes
|
N/A | [54] |
Bubble for Actors | Actors/Actresses
|
Companies
|
[55] |
Bubble for Treasure Hunter | Content Creators
|
Treasure Hunter | [56] |
Application | Participating Artist | Company | Date of defunct | Ref. |
---|---|---|---|---|
Bubble for FNC | Artists
|
FNC Entertainment | December 31, 2022 | [57] |
Notes
References
- ↑ 1.0 1.1 "DEARU - History". http://www.dear-u.co/en/index.php#history.
- ↑ 2.0 2.1 2.2 "DEAR U CO., LTD. (A376300)". https://www.marketscreener.com/quote/stock/DEAR-U-CO-LTD-129005340/company/.
- ↑ Kim, Se-rin (December 8, 2022). "Error: no
|title=
specified when using {{Cite web}}" (in ko). https://www.hankyung.com/finance/article/2022120821046. - ↑ 4.0 4.1 Choi, Pil-woo (May 28, 2021). (in ko)The Bell. http://www.thebell.co.kr/free/Content/ArticleView.asp?key=202105271021015200107162&svccode=.
- ↑ Kim, Yong-jae (June 15, 2021). (in ko)Herald Business. http://news.heraldcorp.com/view.php?ud=20210615000349.
- ↑ Choi, Pil-woo (June 7, 2021). (in ko)The Bell. http://www.thebell.co.kr/free/Content/ArticleView.asp?key=202106041622069680105332&svccode=.
- ↑ Kim, Gun-woo (July 3, 2021). (in ko)Money Today. https://news.mt.co.kr/mtview.php?no=2021070215205647029.
- ↑ Seong, Soo-young (June 16, 2021). (in ko)The Korea Economic Daily. https://www.hankyung.com/life/article/2021061660701.
- ↑ Jeong, Da-eun (March 16, 2021). (in ko)Seoul Economy. https://www.sedaily.com/NewsVIew/22JTWVQ679.
- ↑ 10.0 10.1 Yoo, Eun-jung (March 16, 2021). (in ko)Electronic Times. https://www.etnews.com/20210316000234.
- ↑ Park, Su-in (April 5, 2021). (in ko)Newsen. https://www.newsen.com/news_view.php?uid=202104051641598010.
- ↑ (in ko). https://entertain.naver.com/read?oid=215&aid=0000948839.
- ↑ (in ko). https://tenasia.hankyung.com/music/article/2021040502824.
- ↑ Park, Sang-woo (June 24, 2021). (in ko)Ilgan Sports. http://isplus.live.joins.com/news/article/article.asp?total_id=24074779.
- ↑ Hong, Se-young (June 4, 2021). (in ko)Sports Dong-A. https://sports.donga.com/article/all/20210604/107273853/1.
- ↑ Son, Bong-seok (June 4, 2021). (in ko)Sports Kyunghyang. http://sports.khan.co.kr/entertainment/sk_index.html?art_id=202106041633003&sec_id=540301&pt=nv.
- ↑ Hwang, Hye-jin (June 4, 2021). (in ko)Newsen. https://www.newsen.com/news_view.php?uid=202106041631350410.
- ↑ Jung, Ji-won (June 4, 2021). (in ko)JYP Acquires 23.3% Stake in 'Dear U', A Subsidiary of SM…Platform Business Expansion. http://www.joynews24.com/view/1373347.
- ↑ Jung, Min-ha (June 4, 2021). (in ko)Biz Chosun. https://biz.chosun.com/industry/company/2021/06/04/E44ZSMQ2WBC55L4ZAHFCBRADYA/.
- ↑ Kim, Soo-jin (June 4, 2021). (in ko)StarNews. https://star.mt.co.kr/stview.php?no=2021060416345673128.
- ↑ Jung, Min-ha; Kim, So-hee (May 27, 2021). (in ko)Chosun Biz. https://biz.chosun.com/stock/stock_general/2021/05/27/EXYRZVD2TNANHHHZSRAPWKZALQ/.
- ↑ Choi, Ji-eun (June 14, 2021). (in ko)Top Daily. http://www.topdaily.kr/news/articleView.html?idxno=106943.
- ↑ Baek, Yoon-gi (June 14, 2021). (in ko)E Daily. https://www.edaily.co.kr/news/read?newsId=01180806629081720&mediaCodeNo=258.
- ↑ Shin, Jin-ah (June 14, 2021). (in ko)Financial News. https://www.fnnews.com/news/202106140941277878.
- ↑ "DearU under SM Entertainment to go public on Kosdaq". Pulse by Maeil Business News Korea. June 15, 2021. https://pulsenews.co.kr/view.php?sc=30800028&year=2021&no=577726.
- ↑ Moon, Byung-do (March 16, 2021). (in ko)News Works. http://www.newsworks.co.kr/news/articleView.html?idxno=534527.
- ↑ Kim, Na-yeon (July 16, 2021). (in ko)Single List. http://www.slist.kr/news/articleView.html?idxno=268114.
- ↑ (in ko)JoongAng Ilbo. March 16, 2021. https://news.joins.com/article/24013129.
- ↑ Bae, Yo-han (July 15, 2021). (in ko)Seoul Economy TV. http://www.sentv.co.kr/news/view/598039.
- ↑ Ha, Na-young (June 14, 2021). (in ko)Digital Chosun Ilbo. http://digitalchosun.dizzo.com/site/data/html_dir/2021/06/14/2021061480040.html.
- ↑ Dong, Sun-hwa (June 8, 2021). "NiziU joins 'Bubble' to talk with fans directly". The Korea Times. https://www.koreatimes.co.kr/www/art/2021/06/732_310166.html.
- ↑ Yoon, So-yeon (June 4, 2021). "JYP acquires stake in SM's IT subsidiary". JoongAng Ilbo. https://koreajoongangdaily.joins.com/2021/06/04/entertainment/kpop/SM-Entertainment-JYP-Entertainment-Lysn/20210604172800238.html.
- ↑ Kim, Hyun-ah (March 16, 2021). (in ko)E Daily. https://www.edaily.co.kr/news/read?newsId=01846646628983976&mediaCodeNo=257.
- ↑ Kim, Hyo-jung (May 3, 2021). (in ko)Yonhap News Agency. https://www.yna.co.kr/view/AKR20210503052400005?input=1195m.
- ↑ Lee, Jung-beom (May 4, 2021). (in ko)Xports News. https://www.xportsnews.com/?ac=article_view&entry_id=1420412.
- ↑ Kim, Hee-seo (July 19, 2021). (in ko)Celuv Media. http://www.celuvmedia.com/article.php?aid=1626654583386061007.
- ↑ Kim, Na-yeon (July 19, 2021). (in ko)Single List. http://www.slist.kr/news/articleView.html?idxno=268768.
- ↑ Sang, Hyun-ho (October 5, 2021). (in ko)Top Star News. http://www.topstarnews.net/news/articleView.html?idxno=14635772.
- ↑ Lee, Jung-beom (March 29, 2021). (in ko)Xports News. https://www.xportsnews.com/?ac=article_view&entry_id=1406376.
- ↑ Hong, Se-young (May 28, 2021). (in ko)Sports Dong-A. https://sports.donga.com/article/all/20210528/107154290/1.
- ↑ 41.0 41.1 Kim, Gun-woo (July 1, 2021). (in ko)Money Today. https://news.mt.co.kr/mtview.php?no=2021070108522761828.
- ↑ 42.0 42.1 Oh, Bo-ram (May 13, 2021). (in ko)Yonhap News Agency. https://www.yna.co.kr/view/AKR20210513113100005?input=1195m.
- ↑ 43.0 43.1 Kim, Mi-ji (May 13, 2021). (in ko)Xports News. http://www.xportsnews.com/?ac=article_view&entry_id=1423743.
- ↑ 44.0 44.1 Choi, Sung-nam (July 1, 2021). (in ko)News Tomato. http://www.newstomato.com/ReadNews.aspx?no=1055905&inflow=N.
- ↑ Yoo, Byung-chul (July 13, 2021). (in ko)Korea Economic TV. https://www.wowtv.co.kr/NewsCenter/News/Read?articleId=A202107130055&t=NN.
- ↑ 46.0 46.1 Shin, Jin-ah (July 1, 2021). (in ko)Financial News. https://www.fnnews.com/news/202107010936269966.
- ↑ Park, Sang-woo (July 16, 2021). (in ko)Ilgan Sports. http://isplus.live.joins.com/news/article/article.asp?total_id=24106789.
- ↑ Han, Soo-ji (October 8, 2021). (in ko)Top Star News. http://www.topstarnews.net/news/articleView.html?idxno=14636944#_ace.
- ↑ Ahn, So-yoon (November 11, 2021). (in ko)Financial News. https://www.fnnews.com/news/202111261129212123.
- ↑ Yoo, Byung-cheol (May 6, 2022). (in ko)Korea Economic TV. https://n.news.naver.com/entertain/article/215/0001029967.
- ↑ Ahn, Jin-yong (January 19, 2023). "Error: no
|title=
specified when using {{Cite web}}" (in ko). https://entertain.naver.com/read?oid=021&aid=0002552445. - ↑ "디어유 ‘버블 포 큐브 (bubble for CUBE)’, 큐브엔터테인먼트 소속 아티스트 전용 프라이빗 메시지 서비스 오픈". http://www.stardailynews.co.kr/news/articleView.html?idxno=412280.
- ↑ "디어유버블, 새 아티스트 렌-비비지-소유 합류 예고…“조금만 기다려주세요”". https://www.topstarnews.net/news/articleView.html?idxno=15316498.
- ↑ "김연경·김수지·양효진도 버블한다, '버블 포 스포츠' 론칭(공식)". https://news.nate.com/view/20220105n09506?mid=e1100.
- ↑ "안보현·임수향·신예은·신은수, '버블 포 액터즈' 이달 오픈". https://news.nate.com/view/20220711n08070.
- ↑ "디어유, 크리에이터 전용 '버블 포 트레져헌터' 오픈". https://www.news1.kr/articles/?4596199.
- ↑ (in ko)Korea Benchmark. June 14, 2021. https://kbench.com/?q=node/222264.
External links
Original source: https://en.wikipedia.org/wiki/Dear U.
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