Loudeye Chosen to Power Digital Music Service for French Supermarket Chain Magasins U
August 31 2005 - 2:51PM
PR Newswire (US)
LONDON, Aug. 31 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital
media solutions, has announced the launch of a branded digital
music store for the Magasins U French supermarket chain. The
service will initially be promoted in 50 Magasins U hyper and
supermarkets through pre-paid cards available in-store. Customers
also can purchase tracks online with their credit card and choose
to stream and download from a large catalog of global and local
artists. After the launch phase, Magasins U expects to roll the
service out to its entire network of 800+ retail stores across
France in the first part of 2006. The prepaid cards in-store will
vary in denominations from 5 euro upwards, with a range of extra
incentives also included. Customers buying the 15 euro card will
receive an extra 1 euro worth of credit free, while those
purchasing the 30 euro card will receive an extra 3 euro and anyone
buying the 50 euro voucher will receive an extra 10 euro of free
credit. Serge Papin, Magasins U chief executive officer, said:
"Magasins U are known as LES NOUVEAUX COMMERCANTS ("New
retailing"). By offering our clients all around France a digital
music service, we illustrate our usual approach to both proximity
and modernity. Ever increasing numbers of people are switching on
to digital music and we're delighted that we are now in a position
to offer our customers a dedicated Magasins U service. We have
always ensured we offer our customers the very best service in all
aspects of our business and in choosing Loudeye as our partner for
this service, we're maintaining this position." Ed Averdieck,
general manager for Loudeye Europe, added: "Magasins U is one of
the largest retail networks in France with an extensive customer
reach and we're extremely happy to be able to offer this service.
The French market is one of our longest standing areas outside of
the UK and we're pleased that we are continuing to expand in this
territory." 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. The
forward-looking statements in this release 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)7787 122 800, or
, for Loudeye; or Investor relations, Michael Dougherty of Loudeye,
+1-206-832-4000, or Web site: http://www.loudeye.com/
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