Loudeye Extends MSN Music Service Into Nordic Countries
18 August 2005 - 7:05AM
PR Newswire (US)
LONDON, Aug. 17 /PRNewswire-FirstCall/ -- 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 http://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 http://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.
DATASOURCE: Loudeye Corp. CONTACT: media, (U.S.), Karen DeMarco of
mPRm Public Relations, +1-323-933-3399, or , for Loudeye; or media,
(Europe), Chris Owen of Trimedia Communications UK,
+44-0-207-471-6851, or +44-0-7787-122-800, or , for Loudeye; or
investors, Michael Dougherty of Loudeye, +1-206-832-4000, or Web
site: http://www.loudeye.com/
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