Loudeye Teams With Exabre for Media Recommendation Technology
July 06 2005 - 4:05AM
PR Newswire (US)
Loudeye Teams With Exabre for Media Recommendation Technology
Leading Personal Recommendation Technology to Be Offered to
Loudeye's Global Network of Digital Music Stores SEATTLE and
LONDON, July 6 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital
media solutions, today announced it is incorporating media
recommendation technology from Exabre Limited into its product
portfolio as a value added feature for Loudeye's network of music
stores. Exabre offers a best in class recommendation technology
that is highly scalable to support Loudeye's growing network of
music stores worldwide, and provides a key feature for enhancing
the value Loudeye's customers can offer to their end users.
Exabre's recommendation technology can be integrated in the
consumer experiences for Loudeye's online digital music and mobile
music solutions. The recommendation system from Exabre takes a mix
of users' search, sampled, streamed and purchase history and
compares it with other users' data and external information. Based
on Exabre's proprietary technology and algorithms, the system
suggests artists, tracks and album recommendations for the user.
Additionally, using Exabre's innovative, "music discovery," "what
is trendy," and "random" functions, Exabre delivers personal and
intuitive music and entertainment recommendations and playlists.
Loudeye selected Exabre because their advanced technology delivers
the most personal recommendations available from the user evidence
provided, leading to increased product selection and revenues from
each consumer interaction. Additionally, Exabre is an expert
adaptive system which means that the more it is used the better it
gets without the extensive rules management of other systems on the
market. Thus Exabre delivers Loudeye customers with highly relevant
recommendations while Loudeye benefits from a highly scaleable
solution with a low cost of deployment and ownership. Exabre's CEO
Rhett Ryder said: "We are very excited to be working with a leader
in the global digital entertainment market where the full power of
the Exabre software can be exploited to Loudeye's customers
worldwide. We believe digital entertainment services will be one of
the most exciting and ubiquitous technology evolutions over the
next two years. We look forward to providing innovative solutions
for companies to maximize their opportunities in the industry and
create richer consumer media experiences." Loudeye's general
manager for Europe Ed Averdieck said: "This agreement with Exabre
will enable us to offer innovative recommendation technology for
our network of music stores. We believe this personalized music
technology can be valuable for assisting consumers in finding and
discovering new music they may want to purchase through an
intuitive and engaging experience. This agreement demonstrates our
commitment to offering the latest technologies and advancements for
enhancing the user experience for our customers and their music
stores." 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/. About Exabre Limited Exabre Limited is a
private company with headquarters in Bath, UK. Exabre Limited uses
advanced artificial intelligence technology to deliver the most
personal and intuitive product recommendation engine. Exabre is
deployed on Windows 2003 and SQLServer and can be used to provide
personalised product recommendations across a wide range of
entertainment products and services. Exabre is a catalyst service
to deliver personal product recommendations for all online and
multi-channel retailers, seamlessly across their brand. 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/. 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/press, U.S., Karen DeMarco of mPRm Public Relations,
+1-323-933-3399, or , for Loudeye; or Media/press, Europe, Chris
Owen of Trimedia Communications UK, +44-0-207-471-6851, or
+44-0-7970-933-680, or , for Loudeye; or Jill Jones,
+44-870-3331-007, or , for Exabre; or Investor relations, Michael
Dougherty of Loudeye, +1-206-832-4000, or Web site:
http://www.loudeye.com/
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