Loudeye Signs Classical Music Label Naxos to Its IndieSource Program
June 08 2004 - 8:05AM
PR Newswire (US)
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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