Loudeye Renews Agreement With Microsoft to Power MSN Music Store Offerings Across Europe
May 12 2006 - 4:05AM
PR Newswire (US)
Available in 13 Countries, Microsoft's MSN Music Services Reaches
Millions With Versatile WMA Digital Music Downloads BRISTOL,
England and REDMOND, Wash., May 12 /PRNewswire-FirstCall/ -- Today,
Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-
business digital media solutions, announced that Microsoft
Corporation has renewed its agreement with Loudeye's OD2 services
for digital music stores in thirteen European countries. With
hundreds of thousands of active customers using MSN Music Services
to access Windows Media music files, the service is enjoying a
strong position within the European market for digital downloads.
The Loudeye-powered MSN Music service includes features such as
'now playing' deep link integration with the hugely-popular MSN
Messenger, the number one most used instant messaging service in
the world, to offer an innovative Streaming Subscription offer, and
a rich content library. "We are very pleased Microsoft has chosen
to renew with Loudeye's OD2 services," said Mike Brochu, Loudeye's
president and chief executive officer. "Together with Microsoft,
we're committed to continuing to innovate our best in class digital
media service offerings." Ed Averdieck, Managing Director for
Loudeye in Europe added, "MSN is one of the leading internet
portals in Europe and we are delighted that we can work together to
provide a digital music service to their consumers. This agreement
enables us to take MSN Music to the next level in this very rapidly
growing and exciting market." "MSN is delighted to extend our
relationship with Loudeye across Europe," said Will Bromage,
Regional Business Development Manager, MSN EMEA. "Loudeye's
services are critical in helping MSN Music customers experience and
discover their favourite music from a wide range of local artists
and global stars. We are happy to partner with them to help us
deliver our high-quality digital music service." About Loudeye
Corp. Loudeye is a worldwide leader in business-to-business digital
media solutions. Loudeye combines innovative services with a broad
catalog of licensed digital music and an industry 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; the possibility that Microsoft terminates the
agreement prior to expiration of the agreement term; 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, Europe, Chris Owen of
Trimedia PR, +44-0-207-471-6851, or +44-0-7787-122800, or , for
Loudeye; or Karen DeMarco, +1-323-933-3399, or , or Gil Lee,
+1-323-933-3399, or , both 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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