Loudeye Appoints IFPI Chairman Emeritus Jason Berman to Its Board of Directors
April 13 2005 - 4:05AM
PR Newswire (US)
Loudeye Appoints IFPI Chairman Emeritus Jason Berman to Its Board
of Directors Berman Brings 30 Years of Music Industry Experience
Including 10 Years as President of the RIAA SEATTLE, April 13
/PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide
leader in business-to-business digital media solutions, today
announced the appointment of Jason S. Berman, chairman emeritus of
the International Federation of Phonographic Industries, or IFPI,
to Loudeye's board of directors. "We are extremely pleased to have
Jay join the Loudeye board," said Anthony Bay, Loudeye's chairman
of the board. "Loudeye plays an important and growing role as a
leading technology and services partner for the music industry.
Jay's knowledge, experience and relationships resulting from 30+
years in the media and entertainment industry, combined with more
than 15 years leading the two primary global music industry trade
associations, will help ensure Loudeye's continued success in the
global digital music market and enable us to build closer
relationships with key content owners and rights holders." Since
January 2005, Berman has served as Chairman Emeritus of the IFPI,
the trade organization of the international recording industry
whose members comprise more than 1,500 record producers and
distributors worldwide. From January 1999 to December 2004, Berman
served as Chairman and CEO of the IFPI. Prior to joining the IFPI,
Berman served as President of the Recording Industry Association of
America, RIAA, beginning in 1987, and as Chairman beginning in
1992, positions he held through May 1998. Berman also served as
Special Counsel for Trade to President Clinton in the fall of 1998.
Since February 2005, he has served on the Board of Musicloads.
"Digital distribution is rapidly changing the way consumers
discover, access and purchase recorded music. Loudeye has
established a leadership role in facilitating this market and
helping content owners leverage this new channel in their
business," said Jason Berman, chairman emeritus of the
International Federation of Phonographic Industries. "I look
forward to working closely with Loudeye's board and executive
management team to help execute on the company's global music
strategy." As a result of Berman's appointment as a director and as
a member of Loudeye's audit committee, Loudeye has regained
compliance with The Nasdaq Stock Market's independent director and
audit committee requirements as set forth in Nasdaq Marketplace
Rule 4350, which include that Loudeye's board must consist of a
majority of independent directors and Loudeye must have at least
three independent directors on its audit committee. 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. These statements 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 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 the forward-looking
statements. DATASOURCE: Loudeye Corp. CONTACT: media, in the U.S,
Karen DeMarco of mPRm, +1-323-933-3399, or , or in Europe, Chris
Owen of Trimedia Communications UK, +44 (0)207 471 6851, or , both
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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