Loudeye Surpasses Key Milestone Serving One Billion Music Samples and Tracks Over the Last Year
May 20 2004 - 8:05AM
PR Newswire (US)
Loudeye Surpasses Key Milestone Serving One Billion Music Samples
and Tracks Over the Last Year Loudeye Delivers One Billion Music
Samples and 14 Million Digital Music Tracks to Its Business
Partners over the Last 12 Months SEATTLE, May 20
/PRNewswire-FirstCall/ -- Loudeye Corp. , a worldwide leader in
business-to-business digital media solutions, today announced
record operating milestones, marking an increasing demand for
Loudeye's digital media services and reinforcing Loudeye's
leadership position in the global digital media marketplace.
Operational milestones include: -- Over the last 12 months, Loudeye
served one billion music samples for its licensed music
distribution partners. This represents approximately 250,000 more
music samples delivered per day than in the previous 12 months. --
Over the last 12 months, Loudeye delivered approximately 14 million
digital music tracks to its licensed music distribution partners.
This represents a 223% increase in the number of tracks delivered
compared to the previous 12 months. -- Loudeye also grew its
digital music repository to over 4.5 million full song tracks, an
increase of more than one million songs compared to the
repository's size this time last year. Loudeye operates the world's
largest commercially licensed digital music repository. -- Recent
investments in Loudeye's media operations center have increased
Loudeye's production capacity from a rate of 490,000 digital music
files a week to approximately 4.2 million files a week, or 25,000
an hour. Production capacity refers to the speed at which Loudeye
can ingest content and deliver a digital output. "As a result of
recent investments in our media operations center we're delivering
digital media to partners around the world on a massive scale.
These key milestones represent a solid foundation for continued
growth as more companies and major brands enter the legitimate
digital media space and content owners from around the world
embrace digital distribution," said John Martin, Loudeye's
executive vice president of technology and development. "This
increased production activity indicates a growing demand for our
end-to-end digital media solutions from companies looking to come
to market quickly with the strongest possible offering. Our turnkey
digital media application services, including our MusicStore and
iRadio products announced at the end of 2003, are expected to play
a significant role in our business this year as we power more music
stores for our partners and continue our goal of growing the
digital music marketplace." 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 growth of Loudeye's business
including operating metrics over the last 12 months; statements
regarding growth and usage trends for digital music and demand for
outsourced services; and statements made by Loudeye's executive
vice president of technology and development in this release. These
statements are based on Loudeye's opinion of current trends and
actual results may differ materially due to risks, including
adverse changes or a slow down in the adoption of digital music and
outsourced services in the markets Loudeye serves; the loss of any
key customers; the failure to continue to maintain or develop new
copyright licenses to deliver current and future services; the
failure or loss of service of Loudeye's technological
infrastructure; the complexity of Loudeye's services and delivery
networks; 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 Public Relations,
+1-323-933-3399, or , for Loudeye Corp.; or investors, Mike
Dougherty of Loudeye Corp., +1-206-832-4000, or Web site:
http://www.loudeye.com/
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