LOUD Loudeye

Loudeye Signs Classical Music Label Naxos to Its IndieSource Program Addition of the Leading and Fastest Growing Independent Classical Music Catalog Fuels Growth in Loudeye's Worldwide IndieSource Program SEATTLE, June 8 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), the worldwide leader in business-to-business digital media solutions, today announced a digital music distribution agreement with Naxos, the leading worldwide independent classical music label. Through the agreement, Naxos's classical music catalog of more than 55,000 tracks will be added to Loudeye's IndieSource program and made available for digital download through Loudeye's music distribution partners around the world. Based in Hong Kong with subsidiaries in 8 countries, Naxos is one of the most successful classical music labels in the world holding significant market share in the U.S., UK, Finland, Sweden, Norway, Denmark, Canada, Greece, South Africa, Spain and Germany. Naxos's numerous catalogue lines include American Classics, Japanese Classics, Spanish Classics, the Early Music Collection, the Guitar Collection, Opera Classics, the Organ Collection, Naxos 21st Century Classics, Naxos Historical, Jazz Legends, Nostalgia and Naxos World. Naxos becomes a flagship partner of IndieSource, Loudeye's global program for independent labels to easily distribute their music through the world's most popular digital music services and stores. Additionally, IndieSource allows music distributors to quickly broaden their content catalog with independent music from around the world by working through a single program. "Since inception, we've been focused on delivering quality recordings to classical music fans globally," said Klaus Heymann, owner of Naxos. "As digital music grows in popularity and becomes the preferred format around the world for discovering and purchasing music, we're committed to working with industry leaders such as Loudeye to ensure our music is available digitally on a global scale. Loudeye's been a valuable partner in helping us meet the growing international demand for our content across digital channels." "Naxos has always been a pioneer in their approach to recording and distributing music. Through today's agreement, they carry this leadership in the classical music realm into the digital world," said Jeff Cavins, Loudeye's president and chief executive officer. "Classical music fans are among the most loyal, dedicated audiences and we believe the addition of content from Naxos will be valuable to our music distributors in helping them grow their business, retain audiences, differentiate their offering and drive revenue." Naxos-recorded orchestras include the BBC Philharmonic Orchestra, BBC Symphony Orchestra, BBC Scottish Symphony Orchestra, Bournemouth Symphony Orchestra, Royal Scottish National Orchestra, Ulster Orchestra, Iceland Symphony Orchestra, Orchestre National de Lille, Orchestre de Paris, Cologne Chamber Orchestra, Munich Radio Orchestra, Swedish Chamber Orchestra, Nashville Symphony Orchestra, Colorado Symphony, San Diego Symphony Orchestra, New Zealand Symphony Orchestra, and the National Symphony Orchestra of Ireland. For Independent Music Labels and Music Distributors: Independent labels interested in distributing their music worldwide through Loudeye can visit http://www.loudeye.com/indiesource or email for additional information. Music distributors interested in learning more about licensing independent music for their digital music stores and services, can contact . 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 Loudeye's relationship with Naxos, 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/Public Relations: Karen DeMarco of mPRm, +1-323-933-3399, or , for Loudeye Corp.; or Investor relations: Michael Dougherty of Loudeye Corp., +1-206-832-4000, or Web site: http://www.loudeye.com/

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