Loudeye Announces First and Only Peer-to-Peer Anti-Piracy Solution With a Guaranteed 99% Effectiveness
May 25 2004 - 8:05AM
PR Newswire (US)
Loudeye Announces First and Only Peer-to-Peer Anti-Piracy Solution
With a Guaranteed 99% Effectiveness With Billions of Dollars Lost
to Piracy Each Year, Loudeye Releases Its Overpeer Titanium Service
Offering to Provide the Highest Level of Protection to Content
Owners SEATTLE, May 25 /PRNewswire-FirstCall/ -- Loudeye Corp. ,
the worldwide leader in business-to-business digital media
solutions, today announced several key developments with its
Overpeer anti-piracy service offering, including the introduction
of the industry's first and only anti-piracy service level
agreement (SLA) that guarantees 99% effectiveness in preventing the
illicit sharing of digital media across peer-to-peer networks.
Overpeer, which was acquired by Loudeye in March of this year, has
been integrated as a service offering within Loudeye's digital
media asset protection line of business. The new Overpeer Titanium
service offering meets the urgent demand for high performance
piracy protection services across the music, film/video, game and
software industries. In creating the Titanium level of service,
Loudeye has more than doubled the infrastructure supporting the
Overpeer service, which now provides the industry's highest level
of guaranteed protection across peer-to-peer networks. These
performance levels are regularly verified for customers through
various independent 3rd party testing and Loudeye's own proprietary
technology that automatically scans worldwide piracy activity. In
the last 3 months Loudeye has also signed on new major customers
across the music, game, software and film/video industries,
demonstrating the overall need by content owners for more robust
and effective solutions than what has previously existed. "Millions
of unauthorized transmissions of copyrighted material occur on
peer-to-peer networks around the world everyday. Material is traded
illegitimately on these networks before it is even officially
released in the retail channels, cutting into a substantial slice
of content owners' revenue during the most popular buying period of
a product," said Marc Morgenstern, vice president and general
manager of Loudeye's digital media asset protection business. "With
our substantial new infrastructure and personnel investments,
combined with our Titanium service, we have raised the bar for the
protection of content owners' assets against copyright
infringement." Loudeye acquired Overpeer, Inc. in March of 2004 to
add piracy protection, comprehensive data mining and promotional
tools as well as extend its reach into the music, film/video, game
and software industries. The Overpeer service offering protects
content across peer-to-peer networks responsible for more than 90%
of worldwide file sharing, and provides visibility into 25 billion
digital download hits a month from 150 million unique user sessions
traffic. Loudeye holds multiple patents in Europe and Asia with
four patents pending in the U.S. for the Overpeer service
offering's proprietary systems, technology and software. With the
addition of Titanium SLAs guaranteed at 99% effectiveness, Loudeye
provides the industry's most effective anti-piracy solution for
peer-to-peer networks worldwide. 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 Overpeer service offering, and
the use, performance, expected benefits and projected revenue
associated with Loudeye's digital media solutions and asset
protection services; and statements by the vice president and
general manager of Loudeye's digital media asset protection
business. 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; 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; Loudeye's capacity to scale and
support third party technologies; 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
Corp.; or investors, Michael Dougherty of Loudeye Corp.,
+1-206-832-4000, or Web site: http://www.loudeye.com/
Copyright
Loudeye (NASDAQ:LOUD)
Historical Stock Chart
From Oct 2024 to Nov 2024
Loudeye (NASDAQ:LOUD)
Historical Stock Chart
From Nov 2023 to Nov 2024