Kurt Peters , Senior Executive Editor
CANNES, France - January 24, 2006 - Loudeye Corp. (Nasdaq: LOUD), a worldwide leader in business-to-business digital media solutions, today announced an agreement with EMI Music, to provide dual-mode digital downloads of EMI`s music to retail customers across Europe.
The dual-delivery model allows users to browse, search, listen, and download full-length songs over-the-air to their mobile device as well as to a personal computer, all through one transaction. Tracks can be ordered direct from either a personal computer or a mobile phone, and then delivered to the individual devices from a single account, through retailers using this Loudeye service.
Loudeye already distributes fixed-line downloads from EMI`s catalogue of over 320,000 tracks.
Doug Lucas, EMI Music`s vice-president of digital development and distribution, said: "Music fans increasingly want to be able to purchase and listen to music whenever it is convenient to them, and then be able to listen to that music across all their devices whenever they choose. This agreement with Loudeye will allow us to respond further to this clear consumer demand."
Ed Averdieck, Managing Director for Loudeye in Europe, added: "Services launched in 2005 showed that a growing proportion of consumers across Europe want to be able to download music to their mobile phone. This convenient service goes one step further and allows consumers to download the track to their mobile and PC through one account."
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.
EMI is the world`s largest independent music company, operating in 50 countries around the world. Its record labels include Angel, Blue Note, Capitol, EMI, EMI Classics, Mute, Parlophone and Virgin. For more details on EMI, please visit www.emigroup.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, including mobile over-the-air delivery services; 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.
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