Loudeye Digital Music Services Rated Best in Class
April 04 2006 - 8:00AM
PR Newswire (US)
SEATTLE and BRISTOL, England, April 4 /PRNewswire-FirstCall/ --
Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in
business-to-business digital media solutions, announced today that
digital music services powered by Loudeye's OD2 services scored
highest in independent reviews of online digital music services in
the U.K. and Sweden, and also received high marks in France. In the
U.K., the Panasonic music store (panasonic.co.uk/musicstream)
powered by Loudeye received the best all-around ranking in a test
of six digital music download sites by Which?, an independent
consumer advice service. The Which? review praised the Panasonic
music store's ease of use, clearly stated digital rights management
(DRM) restrictions and extensive music catalog. In Sweden, the Home
Entertainment download store (homedownloads.se) powered by Loudeye
also received top marks in a recent survey of six digital music
download services by PC For Alla, a publication of IDG, an
independent IT data and research group. In France, digital music
stores for Wanadoo (music.wanadoo.fr), Cora (coramusic.fr), MSN
Music (msn.fr/musique) and M6 Music (m6music.fr) were ranked second
through fifth in a comparative study of France's nine largest
digital music services appearing in l'Ordinateur Individuel, a
publication of 01net, an independent research group of professional
journalists. "These independent endorsements confirm the quality of
Loudeye's services and the strength of our position in the European
market," said Mike Brochu, Loudeye president and chief executive
officer. "This validates our position as the leading
business-to-business music service provider in Europe," said Ed
Averdieck, managing director for Loudeye in Europe. "Our service is
flexible enough to be quickly and fully integrated into a client's
existing services and brands, delivering a best in class
experience." Loudeye combines innovative products and services with
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 stores and
services. Loudeye's network of digital and mobile music stores
globally has more than 3 million users and over 80+ music stores
with close to 10 million unique users each month. Loudeye is the #1
seller of WMA formatted full track music downloads in Europe. About
Loudeye Corp. Loudeye is a worldwide leader in business-to-business
digital media solutions. Loudeye combines innovative services with
one of the world's largest music archives, 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; risks
relating to Loudeye's ability to continue as a going concern; 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, Karen DeMarco, , or Gil Lee, , both at +1-323-933-3399, of
mPRm for Loudeye; or investors, Chris Pollak of Loudeye,
+1-206-832-4000, or Web site: http://www.loudeye.com/
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