LOUD Loudeye

Loudeye Launches MusicStore Mobile, the First Full-Featured Wireless Digital Music Platform in the United States - Carrier-Class B2B Platform Enables Companies to Create Next-Generation Mobile Music Experiences for Their Customers SAN FRANCISCO, Oct. 25 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, today announced the immediate availability of its MusicStore Mobile services, which will enable companies -- such as mobile operators, portals, retailers and content owners -- to rapidly launch advanced wireless digital music services for their customers by combining an intuitive music service on mobile handsets with a feature rich online music store. The announcement was made today in conjunction with CTIA Wireless I.T. and Entertainment 2004, the foremost trade show on the convergence of mobile platforms and entertainment content. Loudeye is demonstrating the first live deployment of its MusicStore Mobile service at its show booth, #161. Mobile media & entertainment is projected to become a key driver of revenue for companies involved in the mobile supply chain, especially as next generation mobile handsets capable of supporting rich media enter the market. Informa projects that the number of MP3-enabled phones will more than double in the next year to 25.3 million units and reach 116 million units by 2008. Research firm Strategy Analytics projects that the downloadable mobile music market will top $17.6 billion annually in 2009. Search, Discover, Preview, Purchase - All from the Handset Loudeye's MusicStore Mobile is a full-featured digital music platform for both mobile and online music experiences. MusicStore Mobile is the first service to enable companies to offer their consumers the ability to search a music catalog of over 750,000 tracks, discover new music and artists, listen to streaming samples on the handset in multiple streaming formats, and purchase digital music downloads using their phones and existing monthly subscriber bill. Songs purchased through the mobile music application can then be downloaded to a PC through an online music store that is branded with the customer's look and feel. The charges can be automatically billed to subscribers' existing monthly statements, removing the need for separate billing information and making the entire experience seamless from searching tracks on the handset to listening to them after they are downloaded. Loudeye fully manages on behalf of its customers both the mobile and online music services, providing merchandising, content and license clearing services, as well as hosting the entire experience on its carrier-class infrastructure. Full Integration with Existing Systems MusicStore Mobile provides a compelling user experience, on the handset and the PC, and seamless integration to companies' existing brand, web, CRM and commerce infrastructure and secure transaction platform. MusicStore Mobile is the first platform to support fully integrated business-to-business digital music store offerings for mobile companies to launch services under their own brand utilizing a mobile and PC experience. MusicStore Mobile includes the following components: -- Fully integrated, fully branded turnkey digital music store offering -- Seamless integration between the mobile handset and the PC -- Search, discover, preview and purchase from a catalog of more than 750,000 tracks (growing daily) -- Streaming samples delivered directly to the handset in multiple streaming formats -- Music ID integration; hear a song on the radio or TV and automatically identify and purchase the song, all through the handset -- Purchases billed directly to existing monthly statements; no need for a credit card or separate billing information after set up (other payment methods available as well) -- Full account management features for end users to manage their purchases and digital rights and view their account history -- Messaging alerts and email notification of purchase MusicStore Mobile offers several features to create a compelling user experience: -- Cover art and metadata available on the handset and online to make navigation easy and fun -- Mobile Wish List -- users can save song titles they like to their phone and view them online later -- Broad Accessibility -- downloaded tracks can be transferred to more than 70 compatible devices for playback, including phones and portable digital music players -- "Send to a Friend" -- users can share information about music they experience on the service with other wireless subscribers from their handsets -- Celebrity Play Lists -- users can check out music recommendations from their favorite celebrities -- Rich editorial options, including charts, album reviews, artist biographies and other features "Consumers are demanding access to music across a wide array of environments, and our MusicStore Mobile product enables wireless companies to leverage the accessibility and widespread popularity of mobile handsets to meet this demand, offer enhanced services and create incremental revenue opportunities from music sales," said Jeff Cavins, president and chief executive officer of Loudeye. "We believe this broad access to music and the powerful combination of features including discovery, ID, sampling to the handset, and integration with the monthly billing statements, will facilitate mobile sales of digital music and provide unique opportunities for companies in the wireless arena to differentiate their offering and stay ahead of the curve." "The introduction of MusicStore Mobile represents the first stage in our aggressive development efforts for the mobile industry. Our mobile music platform is extensible enough to support experiences on dozens of mobile handsets." Pricing and Availability Loudeye's MusicStore Mobile is available immediately in the U.S. and Europe, with broader availability scheduled for Asia in early 2005. For more information, including pricing, please contact Loudeye sales at 877-502-5488 or email . 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 music archive 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. These statements are based on current estimates and actual results may differ materially due to risks, including the completion of the development of the platform; possibility of adverse changes in the market for distribution of digital music that Loudeye serves; mobile device and network security; willingness of record labels to license expanded mobile service offerings; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital content; pricing pressures and other activities by competitors; lack of market acceptance for Loudeye's products and services; the possible delay in the adoption of digital media or related applications over mobile networks or 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/. Loudeye assumes no obligation to update these forward-looking statements. DATASOURCE: Loudeye Corp. CONTACT: media (U.S.), Karen DeMarco, , or Yasmeen Coning, , both of mPRm Public Relations, +1-323-933-3399, for Loudeye Corp.; or investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000, or Web site: http://www.loudeye.com/

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