'Flo' Dreamus Company invests 2 billion KRW in Content Technologies

[Asia Economy Reporter Oh Su-yeon] Dreamus Company, the operator of the audio open platform FLO, announced on the 21st that it will invest 2 billion KRW in Content Technologies, a content intellectual property (IP)-based value chain aggregator, and cooperate in developing new businesses based on content IP.

Dreamus, a subsidiary of SK Square, aims to achieve business co-growth in the content tech sector through this investment with Content Technologies. In particular, it plans to create synergy focusing on areas where Content Technologies’ invested companies and Dreamus can closely collaborate in content IP-based businesses.

Content Technologies is a company building the next-generation content value chain by integrating technology and finance centered on content IP. In September, through its subsidiary CT Investment, it made an innovative move by listing the first KPOP ETF on the U.S. securities market, demonstrating its planning and execution capabilities for new businesses based on insights in the content field.

Kim Dong-hoon, CEO of Dreamus Company, stated, “Dreamus and Content Technologies share a common vision as ‘IP accelerators’ aiming for the infinite expansion of content IP by combining technologies such as artificial intelligence (AI), metaverse, and blockchain. Both companies will strive to continuously create synergy by expanding into related fields based on their platforms and IP.”

Meanwhile, Dreamus Company invested approximately 20 billion KRW in Beyond Music, Korea’s largest music IP specialized management company, which was company-built by Content Technologies, in March. As a strategic investor, Dreamus has established a partnership with Beyond Music and is jointly promoting a global music IP investment business to expand its operations.

This content was produced with the assistance of AI translation services.