Loudeye Powers Digital Music Store for Major Consumer Electronics Retailer In Italy
August 23 2005 - 4:05AM
PR Newswire (US)
Media World Launches "Net Music" Store to Offer Compelling Digital
Music Experience for its Consumers SEATTLE, Aug. 23
/PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide
leader in business-to-business digital media solutions, today
announced it was chosen to launch the "Net Music" store for Media
World, Italy's premier consumer electronics and online retailer.
Media World specializes in selling consumer electronics,
household-electric, personal computer, photography and multi-media
software through physical stores and online. The "Net Music"
digital music store is available today through Media World's
Website located at http://www.mediaworld.it/. Loudeye will update
the site regularly with new releases, allowing consumers to access
the most contemporary music available. The "Net Music" site was
designed to provide simple navigation with mass market appeal and
seamless integration into Media World's existing online shopping
experience. "Today's deal with Media World highlights a trend as
more physical retailers embrace digital distribution strategies in
their business," said Carlo Galassi, manager of Loudeye's services
in Italy. "Media World's 'Net Music' store powered by Loudeye
demonstrates how launching a privately branded digital music store
can create new ways for companies to reach and build relationships
with their consumers." 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; lack of market acceptance for Loudeye's
products and services; 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; 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 , or Media/press (Europe): Chris Owen of
Trimedia Communications UK, +44 (0)207 471 6851 or +44 (0)7970 933
680, or , both for Loudeye Corp.; or Investor relations: Michael
Dougherty of Loudeye Corp., +1-206-832-4000 or Web site:
http://www.loudeye.com/
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