CD WOW! Moves into Digital Music With Launch of Loudeye-Powered Online Music Store
May 05 2005 - 4:05AM
PR Newswire (US)
CD WOW! Moves into Digital Music With Launch of Loudeye-Powered
Online Music Store LONDON, May 5 /PRNewswire-FirstCall/ -- Loudeye
Corp. (NASDAQ:LOUD), a worldwide leader in business to business
digital media solutions, today announced the launch of a digital
music store for CD WOW!, a leading online retailer of CDs, DVDs,
consumer electronics and games. The CD WOW! music store allows
consumers to find and discover music through CD WOW!'s chart-based
organizational system that's made CD WOW! a popular online
destination for CD purchases. The chart based architecture helps
consumers quickly identify the most popular tracks in various
categories, while still being able to search the entire catalog as
desired. The CD WOW! site will offer music downloads alongside
traditional CD formats and will also offer a range of portable
music devices compatible with the CD WOW! music store. Philip
Robinson, founder of CD WOW!, said, "Our ethos is to provide our
customers with a 'Best Value Always' promise with the highest
quality customer service and our partnership with Loudeye reflects
this ethic. Loudeye's ability to rapidly launch the music store was
also key in our decision to choose them as our provider for the
service." Philip Shepherd, Loudeye's head of strategic
partnerships, EMEA, said, "We are delighted CD WOW! has chosen us
for their digital music needs. The music downloading marketing is
proliferating and maturing rapidly and the more brands offering
services, the wider the choice for consumers. The launch of CD
WOW!'s music store highlights how existing retail companies can
rapidly expand their existing business to include digital music
downloads using Loudeye's services." 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; 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/. Loudeye assumes no obligation to update the
forward-looking statements. DATASOURCE: Loudeye Corp. CONTACT:
Karen DeMarco of mPRm Public Relations, +1-323-933-3399, or , or
Europe, Chris Owen of Trimedia Communications UK, +44 (0) 207 471
6851, or +44 (0)7970 933 680, 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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