Loudeye Announces Second Portuguese Digital Music Distribution Deal

Loudeye Announces Second Portuguese Digital Music Distribution
Deal
X-Tazee Records to Launch Branded Digital Music Store Powered by Loudeye's OD2



LONDON, Nov. 2  /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a
worldwide leader in business-to-business digital media solutions, today
announced it was chosen by Portuguese label X-Tazee Records
(http://www.x-tazee.com/) to power a multi-faceted digital music distribution
strategy and consumer download experience. Under the terms of the agreement,
X-Tazee will launch a retail site leveraging a digital music download store
powered by Loudeye's OD2 services and license portions of the X-Tazee music
catalogue for distribution through stores powered by the OD2 services. Today's
announcement marks the second deal for Loudeye in the Portuguese market over
the past 30 days.

X-Tazee's online music experience will aim to deepen relationships between
artists and their fans, open a new retail channel for driving music sales, and
promote X-Tazee's artist roster. The new online music store, expected to launch
in the first quarter of 2005, will contain a number of unique features designed
with the needs and tastes of the Portuguese public specifically in mind. One of
the prime benefits the new store will offer customers is the opportunity to
download select new releases before they hit retail stores.

By negotiating deals directly with the artists on their label, X-Tazee can
offer exclusive deals for national and international acts through their digital
download store, and will shortly announce those expected to be featured during
the launch of the site.

Artists on X-Tazee's roster include guitarist Snowy White, Latin Jazz Grammy
nominee Orlando Sandoval, Hip-Hop sensation Pentagon, singer P.P. Arnold,
gothic lovers Dr. Zilch, Dutch heavy metal band Eye-Con, and many others.

"Loudeye's OD2 services enabled us to rapidly capitalize on the potential of a
digital distribution and retail strategy, leveraging our brand and the assets
we already have in place," said Luis de Matos, founder of X-Tazee. "With our
core focus on signing artists, producing and promoting their work and driving
music sales, we sought an industry leader who could offer a turnkey solution
for meeting our digital distribution goals.  Loudeye's OD2 services provide a
complete solution for every aspect to our deployment and brought a strong
understanding of the importance of localizing the offering to the Portuguese
market."

Charles Grimsdale, president and general manager of Loudeye's international
business operations, said, "This deal, our second in 30 days for the Portuguese
market, highlights the recent rapid growth and great appetite for high quality,
legal digital music among Portuguese consumers.  X-Tazee's unique position in
the marketplace enables them to launch a service using our platform that can
leverage their content assets and retail reach to significantly enhance their
business strategies by increasing artists' visibility, accessibility and sales
potential."

Loudeye's OD2 services are the leading European digital music services,
offering online access to more than 400,000 songs through sites such as Virgin,
Tiscali, MyCokeMusic and HMV. Loudeye's localized European services provide a
focused offering for each country, with the best international acts for sale
alongside the finest local talent.

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
and our OD2 subsidiary serve; 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/or OD2'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 (U.S.), Karen DeMarco, [phone], or

, or Yasmeen Coning, [phone], or ,

both of mPRm Public Relations, or media (Europe), Simon Hill of Trimedia

Communications UK, [phone], or [phone], or

, all for Loudeye Corp.; or investors, Michael

Dougherty of Loudeye Corp., [phone], or 



Web site:  http://www.x-tazee.com/ 

Web site:  http://www.loudeye.com/

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