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Last updated : 05/11/2026 - 12h01
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Winamp Group: Royalties collected by Bridger up nearly 67% over ten months

Winamp Group announced on November 5, 2026 that royalties collected by Bridger, its copyright management company based in Luxembourg, rose by nearly 67% over the first ten months of 2026. In the first half of the year, this increase was 56%.

These unaudited internal accounting figures cover the sums collected on behalf of rights holders. They do not constitute Bridger's revenue, which corresponds to the commissions it receives.


Winamp Group: Royalties collected by Bridger up nearly 67% over ten months

Partners, network and catalogue: the drivers of Bridger's collections

After devoting the first part of 2026 to building its international network, Bridger is now advancing on three fronts: artist acquisition, international coverage and technology. According to the group, the increase in royalties collected is based on the expansion of this network and on the growth of the catalogue entrusted to Bridger.

This catalogue comprised nearly 40,000 works under management in mid-October. More than 500 new monetizable works are added each week, notably thanks to commercial partnerships, and the rights linked to a newly registered work materialize gradually, in line with the collection and distribution cycles specific to the sector.

Two revenue-sharing partnerships have been signed. The first links Bridger to Quick Studio, a French platform for booking rehearsal and recording studios, and the second to Modern Musician, an agency supporting independent artists. Three cross-promotion collaborations are being finalized and should be activated in the coming weeks.

Internationally, three agreements have been concluded with AGADU (Uruguay), COSOMA (Malawi) and FILSCAP (Philippines). They expand a network of more than 40 agreements, and other discussions are ongoing with collective management organisations.

These new agreements mainly concern the exploitation of works in each society's country. They do not cover all multi-territorial exploitation of the repertoires concerned, which falls under other operators (Audiam for AGADU's mechanical rights, Mint for COSOMA and FILSCAP).

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Bridger completed the migration of its entire technology infrastructure onto Winamp's on November 5, 2026. The two services now share their tools and processes: registration of artists and their works, enhanced identity checks, and data management using the international identifiers IPI and ISWC.

As at Winamp, the validation of new users is fully automated: a songwriter can be registered without manual verification, and the number of registrations is no longer limited by the control capacity of the team. According to the group, this infrastructure is designed to handle growing volumes without degrading the quality of service.

The group presents this common base as a commercial lever: each songwriter who joins Bridger becomes an artist to whom the other Winamp for Artists services (distribution, licensing, marketing, merchandising) can be offered. Bridger continues its own commercial activities in parallel.

“We first built the network,” said Alexandre Saboundjian, CEO of Winamp Group. “Today, Bridger has its three growth levers: an international network that continues to expand, partners who open access to new artist communities for us, and a technology infrastructure, now shared with Winamp, designed to welcome them in greater numbers. And every artist who joins us for their rights is an artist to whom we can offer the full range of Winamp for Artists. The rise in royalties collected shows that this strategy is starting to deliver results.” The next date announced by the group is November 6, 2026, with the eligibility of Winamp Group shares for the PEA-PME (French SME equity savings plan).

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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 1 millions d'euros
  • Quarterly revenue: 1 millions d'euros
  • Revenue growth: 28,5 %
  • EBITDA: -2,1 millions d'euros
  • EBITDA margin: -205,2 %
  • Net income: -3,4 millions d'euros
Guidance from the release
  • « Sa montée en puissance commerciale prend plus de temps que nous ne l'avions initialement anticipé » (mot du CEO) ; « il existe une incertitude importante susceptible de susciter des doutes significatifs sur la capacité du Groupe à poursuivre son activité »
Risks mentioned
  • Fragmentation des droits musicaux constitue un frein majeur pour les créateurs
  • Risques liés à l'intelligence artificielle et à l'utilisation non autorisée de contenus musicaux
  • Décalage temporel entre l'arrivée d'un artiste dans l'écosystème et sa contribution pleine au chiffre d'affaires
Opportunities identified
  • Élargissement progressif de la couverture des droits à travers les accords internationaux de Bridger
  • Monétisation croissante via les services complémentaires (Website Builder, Fanzone, Merchandising) de Winamp for Artists
  • Extraction de valeur via le cross-selling et l'upselling au sein de l'écosystème intégré

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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