Loudeye to Power Sweden's Largest Legal Music Download Service
December 01 2004 - 3:01AM
PR Newswire (US)
Loudeye to Power Sweden's Largest Legal Music Download Service
Homedownloads.se Launches in Sweden With Introductory Pricing of 5
Crowns per Track; Represents First Store in Sweden Powered by
Loudeye's OD2 Services SEATTLE, Dec. 1 /PRNewswire-FirstCall/ --
Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in
business-to-business digital media solutions, today announced it
was chosen by Home Entertainment AB, the Nordic region's largest
mail-order/e-tailing business within movies, music and multimedia,
to power a privately branded digital music download store located
at http://www.homedownloads.se/. The launch represents the
expansion of Loudeye's services into Sweden -- the 18th country in
which Loudeye provides music services. Homedownloads.se, powered by
Loudeye's OD2 services, is live today and features music from major
and independent labels. With more than 300,000 tracks,
Homedownloads.se is the largest legal download service in Sweden
and will be offering downloads for the special introductory price
of 5 Swedish crowns for a limited time. "Loudeye's OD2 services
were critical in ensuring the launch of our music store in time for
the important holiday shopping season," says Niklas Orup, Home
Entertainment AB. "By working with OD2, we were able to focus on
integrating a music store into our business, and not have to worry
about the intricacies of the deployment itself. Additionally, OD2
will maintain content updates on a regular basis and help grow the
size of our catalog, which will add further value for music fans in
Sweden." Among the tracks available are pre-releases of Kylie
Minogue's "I Believe in You," Erasure's "Breathe" and "Galvanise"
from The Chemical Brothers. "With the holiday shopping season right
around the corner and portable music players expected to be one of
the hottest gifts of the year, companies such as Home Entertainment
are able to work with us to rapidly launch a store and begin to
create early brand affinity with consumers in their region," said
Charles Grimsdale, president and general manager of Loudeye's
international business operations. 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 adverse
changes in the market for distribution of digital music that
Loudeye's OD2 services target; potential delays in store launch;
loss of digital distribution rights from any major label; 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 and its OD2 products and services;
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, U.S., Karen DeMarco, , or
Yasmeen Coning, , both of mPRm Public Relations, +1-323-933-3399,
for Loudeye Corp.; or media, Europe, Simon Hill of Trimedia
Communications +44 (0) 207 471 6826, or +44 (0) 7776 251192, or ,
for Loudeye Corp.; or investors, Michael Dougherty of Loudeye
Corp., +1-206-832-4000, or Web site: http://www.homedownloads.se/
Web site: http://www.loudeye.com/
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