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BRUSSELS - Llama Group SA (Euronext Growth Paris & Brussels:ALLAM) announced Thursday it will ask shareholders to approve changing the company’s name to Winamp Group SA at an Extraordinary General Meeting scheduled for September 25.
The digital music company said the proposed rebranding aims to capitalize on Winamp’s global recognition in the music industry while enhancing the group’s international visibility among artists, partners, and investors. The announcement comes as the company’s shares have declined 65% over the past year, though InvestingPro analysts project revenue growth of nearly 30% for fiscal year 2025.
"The name change to Winamp Group is part of the long-term vision we have for the company’s development," said Alexandre Saboundjian, CEO of Llama Group, in a press release statement. "Winamp is a strong brand, emblematic of the music industry, and it lies at the heart of our strategy." According to InvestingPro data, the company faces challenges with significant debt levels and rapid cash burn, though it maintains a healthy gross profit margin of 40%.
The company indicated the name change would align the parent company’s identity with its strategic focus on making Winamp the central platform of services for independent artists and creators.
Llama Group currently owns the Winamp platform, Bridger copyright management company, and Jamendo music licensing company. The Winamp platform provides tools for music artists to manage content, grow audiences, and maximize revenue.
The company plans to publish its first-half 2025 results on October 31.
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