Amazon.com Expands Music Samples Agreement With Loudeye On Multi-year Terms
December 18 2003 - 7:05AM
PR Newswire (US)
Amazon.com Expands Music Samples Agreement With Loudeye On
Multi-year Terms Agreement Provides Amazon.com With the Most
Current and Comprehensive Music Samples Catalog in the Industry
SEATTLE, Dec. 18 /PRNewswire-FirstCall/ -- Loudeye Corp. , a leader
in managing, promoting and distributing digital media, today
announced a multi-year music samples agreement with Amazon.com.
Loudeye operates the world's largest archive of digital music with
more than 4 million tracks from over 400,000 CDs. By using music
samples from Loudeye, Amazon.com retains access to the most
comprehensive music samples catalog available with the vast
majority of new release material available on or prior to their
official release dates. "Amazon.com's contract expansion
demonstrates the effectiveness of music samples as a marketing
mechanism for driving the sales of CDs and digital music
downloads," said Jeff Cavins, Loudeye's president and chief
executive officer. "Our hosted samples business allows high
traffic, content rich sites such as Amazon.com to offer visitors a
dynamic digital media experience to complement their vast music
library whether music is being distributed in the physical package
such as CDs or digitally through individual and album downloads."
About Loudeye Corp. Loudeye provides the business infrastructure
and services for managing, promoting and distributing digital
content for the entertainment and corporate markets. 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, including statements about Loudeye's relationship with
Amazon.com and the use, performance, expected benefits and
projected revenue associated with Loudeye's digital media services,
including music samples, and the Loudeye Media Framework; and
statements made by Loudeye's president and CEO. 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 music that we
serve; adverse or uncertain legal developments with respect to
copyrights surrounding the creation and distribution of digital
music; pricing pressures and other activities by competitors; the
failure of our hosting infrastructure; the complexity of our
services and delivery networks; any problems or failures in the
structure, complexities or redundancies of our network
infrastructure; failures in third party telecommunication and
network providers to provide required transmission capacity; our
capacity to scale and support third party technologies; lack of
market acceptance for our 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 our most recent Form 10-Q,
Form 10-K and other SEC filings which are available through EDGAR
at http://www.sec.gov/. We assume no obligation to update the
forward-looking statements. DATASOURCE: Loudeye Corp CONTACT:
media, Karen DeMarco of mPRm, +1-323-933-3399, or , for Loudeye
Corp.; or investors, Michael Dougherty of Loudeye Corp.,
+1-206-832-4000, or Web site: http://www.loudeye.com/
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