Paul Demery , Managing Editor, B2B E-commerce
LONDON - August 17, 2005 - Loudeye Corp. (Nasdaq: LOUD), a worldwide leader in business-to-business digital media solutions, today announced an extension of its relationship with MSN Music, Microsoft`s digital music service, as four new stores open in the Nordics.
The new stores in Norway, Denmark, Finland and Sweden build on similar MSN Music stores in other European countries including the UK, France, Italy, Germany and Spain. Loudeye also powers the Australian NineMSN music download service outside Europe.
MSN Music has among the largest global reach of any digital music service, available in a total of 20 markets worldwide including 15 markets across Europe. This is both via alliances with regional music providers and Microsoft developed services in the US.
Geoff Sutton, Regional General Manager, MSN EMEA said: "We`re delighted to be able to announce the extension of our relationship with Loudeye in the Nordics, who continue to be a long-term and highly regarded ally for MSN. Loudeye`s services offer MSN Music customers a wide range of local artists as well as global stars, making them the ideal provider for our digital music offering."
Paul Smith, Sales Director for Loudeye in Europe, added: "The MSN Music service is one of our most popular outlets in Europe and we`re naturally very happy to announce this further expansion. The advance of the service into the Nordic region reflects the growing popularity of music downloads in the region and is a strong sign of Loudeye`s commitment to bringing a high quality legal service to new customers."
About Loudeye Corp.
Loudeye is a worldwide leader in business-to-business digital media solutions and the outsourcing provider of choice for companies looking to maximize the return on their digital media investment. Loudeye combines innovative products and services with the world`s largest digital music archive, a broad catalog of licensed digital music and the industry`s leading digital media infrastructure enabling partners to rapidly and cost effectively launch complete, customized digital media stores and services. For more information, visit www.loudeye.com.
Forward Looking Statements
This release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this release are based on current estimates and actual results may differ materially due to risks, including the possibility of adverse changes in the market for distribution of digital audio and video that Loudeye serves; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital content; pricing pressures and other activities by competitors; the failure of Loudeye`s hosting infrastructure; the complexity of Loudeye`s services and delivery networks; any problems or failures in the structure, complexities or redundancies of Loudeye`s network infrastructure; failures in third party telecommunication and network providers to provide required transmission capacity; lack of market acceptance for Loudeye`s products and services; the possible delay in the adoption of digital media or related applications on the web in general; and other risks set forth in Loudeye`s most recent Form 10-Q, Form 10-K and other SEC filings which are available through EDGAR at www.sec.gov. These are among the primary risks we foresee at the present time. Loudeye assumes no obligation to update the forward-looking statements.
Karen DeMarco, PR for Loudeye