LOUD Loudeye

Loudeye Broadens Content Catalogs for Music Distributors Worldwide Through Its Innovative IndieSource Program Program Accelerates Independent Labels' Ability to Sell Their Music Through the World's Major Digital Music Stores and Services Seattle, April 13 /PRNewswire-FirstCall/ -- Loudeye Corp. , the worldwide leader in business-to-business digital media solutions, today announced IndieSource, an extension of Loudeye's music label program enabling companies building a digital music business to license hundreds of thousands of non-major label, independent music tracks through a single company. Additionally, independent music labels that license their content to Loudeye gain rapid and secure distribution into the major digital music stores and services. Musicmatch, BuyMusic at Buy.com and Cellus USA, among others, have used IndieSource to quickly expand their content catalogs. Businesses in the digital music marketplace demand a broad content catalog including independent music, which can be a key differentiator and revenue driver. Currently, these businesses must license content and manage individual relationships with thousands of independent record labels and content aggregators to access and distribute the content. Forthis same reason, independent music is absent from many online stores and distribution outlets even though 25% of all music today is produced by independent labels. Through IndieSource, independent record labels from around the world can simply license their catalog to Loudeye and have their music offered through the world's major digital music stores and services. In related news today, Loudeye announced a digital distribution agreement with Saregama, India's largest music company. Additionally, Loudeye has signed agreements with independent labels and music representation companies including Avatar Records, Stern's Music, Paradise Artists, Maggie's Music, Corn Music Services, Inc., Rebel Records, Agog Creative Group and RoadHouse Records, among others. Loudeye also continues to grow its strategic relationship with The Orchard, a leading content aggregator, who now serves as one of the premier partners for IndieSource. "As new music services are launching every month, Loudeye identified an area of the marketplace that will play an important role in the success of these music services while opening the door for independent content inclusion," said John Lappen, EVP Music Licensing for Paradise Artists. "Consumers are demanding access to the same extensive music catalog they can find on illegitimate file sharing networks or their local music store. Without independent music, which makes up a significant portion of the recorded music industry, these online music stores and services are far from realizing their full potential. Loudeye's IndieSource is paving the way to enhance the value of all online music stores, and provide valuable distribution for independent artists." IndieSource is the single source for non-major label music, distributing content from thousands of independent labels. Loudeye provides encoding, fulfillment, licensing, tracking, usage reports, royalty calculations, and works closely with the RIAA to apply proper ISRC codes to the content ensuring rapid delivery to music services and stores. Additionally, through Loudeye's relationships with major online retailers, wireless carriers and wireless content companies, IndieSource partners can expand their distribution across other popular digital media channels. "Our focus is on discovering and producing artists and their music. Being part of Loudeye's IndieSource program makes our catalog available to the larger global music community who otherwise would not be able to access it," said Mark Freeman, Rebel Records. "Companies across all segments of the digital music space have communicated a strong demand for independent label services that can help them differentiate their offering, attract a broader customer base and increase revenue," said Jeff Cavins, Loudeye's president and chief executive officer. "At the same time, independent artists and labels benefit from having their music alongside major label content on popular digital download stores, opening up digital distribution as a new sales channel for them.IndieSource firmly implants Loudeye in the digital music value chain and will be a valuable program for future customer deployments." For Independent Record Labels: Independent record companies that want to license their content through the IndieSource program can contact or visit http://www.loudeye.com/indiesource for more information. About Loudeye Corp. Loudeye is the 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 music archive 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, including statements about the Loudeye IndieSource Program and statements 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 audio and video that Loudeye serves; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital content; licensing issues related to the addition of new independent music partners on a global basis; 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/. Loudeye assumes no obligation to update the forward-looking statements. DATASOURCE: Loudeye Corp. CONTACT: media, Karen DeMarco of mPRm, +1-323-933-3399, or , for Loudeye; or investors, Michael Dougherty of Loudeye, +1-206-832-4000, or Web site: http://www.loudeye.com/indiesource Web site: http://www.loudeye.com/

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