Loudeye Launches MusicStore Mobile, the First Full-Featured Wireless Digital Music Platform in the United States
October 25 2004 - 8:05AM
PR Newswire (US)
Loudeye Launches MusicStore Mobile, the First Full-Featured
Wireless Digital Music Platform in the United States -
Carrier-Class B2B Platform Enables Companies to Create
Next-Generation Mobile Music Experiences for Their Customers SAN
FRANCISCO, Oct. 25 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital
media solutions, today announced the immediate availability of its
MusicStore Mobile services, which will enable companies -- such as
mobile operators, portals, retailers and content owners -- to
rapidly launch advanced wireless digital music services for their
customers by combining an intuitive music service on mobile
handsets with a feature rich online music store. The announcement
was made today in conjunction with CTIA Wireless I.T. and
Entertainment 2004, the foremost trade show on the convergence of
mobile platforms and entertainment content. Loudeye is
demonstrating the first live deployment of its MusicStore Mobile
service at its show booth, #161. Mobile media & entertainment
is projected to become a key driver of revenue for companies
involved in the mobile supply chain, especially as next generation
mobile handsets capable of supporting rich media enter the market.
Informa projects that the number of MP3-enabled phones will more
than double in the next year to 25.3 million units and reach 116
million units by 2008. Research firm Strategy Analytics projects
that the downloadable mobile music market will top $17.6 billion
annually in 2009. Search, Discover, Preview, Purchase - All from
the Handset Loudeye's MusicStore Mobile is a full-featured digital
music platform for both mobile and online music experiences.
MusicStore Mobile is the first service to enable companies to offer
their consumers the ability to search a music catalog of over
750,000 tracks, discover new music and artists, listen to streaming
samples on the handset in multiple streaming formats, and purchase
digital music downloads using their phones and existing monthly
subscriber bill. Songs purchased through the mobile music
application can then be downloaded to a PC through an online music
store that is branded with the customer's look and feel. The
charges can be automatically billed to subscribers' existing
monthly statements, removing the need for separate billing
information and making the entire experience seamless from
searching tracks on the handset to listening to them after they are
downloaded. Loudeye fully manages on behalf of its customers both
the mobile and online music services, providing merchandising,
content and license clearing services, as well as hosting the
entire experience on its carrier-class infrastructure. Full
Integration with Existing Systems MusicStore Mobile provides a
compelling user experience, on the handset and the PC, and seamless
integration to companies' existing brand, web, CRM and commerce
infrastructure and secure transaction platform. MusicStore Mobile
is the first platform to support fully integrated
business-to-business digital music store offerings for mobile
companies to launch services under their own brand utilizing a
mobile and PC experience. MusicStore Mobile includes the following
components: -- Fully integrated, fully branded turnkey digital
music store offering -- Seamless integration between the mobile
handset and the PC -- Search, discover, preview and purchase from a
catalog of more than 750,000 tracks (growing daily) -- Streaming
samples delivered directly to the handset in multiple streaming
formats -- Music ID integration; hear a song on the radio or TV and
automatically identify and purchase the song, all through the
handset -- Purchases billed directly to existing monthly
statements; no need for a credit card or separate billing
information after set up (other payment methods available as well)
-- Full account management features for end users to manage their
purchases and digital rights and view their account history --
Messaging alerts and email notification of purchase MusicStore
Mobile offers several features to create a compelling user
experience: -- Cover art and metadata available on the handset and
online to make navigation easy and fun -- Mobile Wish List -- users
can save song titles they like to their phone and view them online
later -- Broad Accessibility -- downloaded tracks can be
transferred to more than 70 compatible devices for playback,
including phones and portable digital music players -- "Send to a
Friend" -- users can share information about music they experience
on the service with other wireless subscribers from their handsets
-- Celebrity Play Lists -- users can check out music
recommendations from their favorite celebrities -- Rich editorial
options, including charts, album reviews, artist biographies and
other features "Consumers are demanding access to music across a
wide array of environments, and our MusicStore Mobile product
enables wireless companies to leverage the accessibility and
widespread popularity of mobile handsets to meet this demand, offer
enhanced services and create incremental revenue opportunities from
music sales," said Jeff Cavins, president and chief executive
officer of Loudeye. "We believe this broad access to music and the
powerful combination of features including discovery, ID, sampling
to the handset, and integration with the monthly billing
statements, will facilitate mobile sales of digital music and
provide unique opportunities for companies in the wireless arena to
differentiate their offering and stay ahead of the curve." "The
introduction of MusicStore Mobile represents the first stage in our
aggressive development efforts for the mobile industry. Our mobile
music platform is extensible enough to support experiences on
dozens of mobile handsets." Pricing and Availability Loudeye's
MusicStore Mobile is available immediately in the U.S. and Europe,
with broader availability scheduled for Asia in early 2005. For
more information, including pricing, please contact Loudeye sales
at 877-502-5488 or email . About Loudeye Corp. Loudeye is a
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. These statements are based on current estimates and actual
results may differ materially due to risks, including the
completion of the development of the platform; possibility of
adverse changes in the market for distribution of digital music
that Loudeye serves; mobile device and network security;
willingness of record labels to license expanded mobile service
offerings; adverse or uncertain legal developments with respect to
copyrights surrounding the creation and distribution of digital
content; pricing pressures and other activities by competitors;
lack of market acceptance for Loudeye's products and services; the
possible delay in the adoption of digital media or related
applications over mobile networks or 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 these
forward-looking statements. DATASOURCE: Loudeye Corp. CONTACT:
media (U.S.), Karen DeMarco, , or Yasmeen Coning, , both of mPRm
Public Relations, +1-323-933-3399, 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 Aug 2024 to Sep 2024
Loudeye (NASDAQ:LOUD)
Historical Stock Chart
From Sep 2023 to Sep 2024