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LOUD Loudeye

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Share Name Share Symbol Market Type
Loudeye NASDAQ:LOUD NASDAQ Common Stock
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Loudeye Extends Overpeer Asset Protection and Promotion Services Into Europe

29/09/2004 9:05am

PR Newswire (US)


Loudeye (NASDAQ:LOUD)
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Loudeye Extends Overpeer Asset Protection and Promotion Services Into Europe Comprehensive Solution in Europe for Protecting Content Owners Assets on World's Peer-to-Peer Networks BERLIN, Sept. 29 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, today announced the immediate availability of its Overpeer asset protection and promotion services in the European marketplace. As a result, European content owners across the music, film/video, game and software industries will have access to Loudeye's industry leading and proven piracy protection services for prohibiting the illegal distribution of copyrighted material on the world's peer-to-peer networks. Overpeer services allow content owners to protect the unauthorized distribution of their assets on peer-to-peer networks. The services, which are available immediately in Europe, include Overpeer Titanium, a service featuring the industry's leading anti-piracy service level agreement (SLA) guaranteeing 99% effectiveness in preventing the illegal sharing of digital media across peer-to-peer networks. Loudeye has built a solution to handle the tremendous levels of content available and user traffic currently present on global peer-to-peer protocols. Loudeye currently protects more than 60,000 digital entertainment titles and blocks hundreds of millions of attempted downloads each month. "As we enter an important stage in the legitimate distribution of digital media content, content owners around the world face challenges in managing the illegal distribution of their material across peer-to-peer networks," said Marc Morgenstern, vice president and general manager of Loudeye's asset protection and promotion business. "Our proprietary systems and technology are designed to interdict illegal peer-to-peer traffic, blocking illegal transmission of copyrighted material and helping content owners take control of piracy. These systems have been highly effective for our customers in the US and Asia, and we're pleased that we are now launching the services in Europe through OD2, our European subsidiary." Loudeye's Overpeer technology integrates seamlessly and transparently into the world's most popular distributed peer-to-peer networks -- which are responsible for an estimated 90% of worldwide file sharing traffic. The service is highly effective in protecting digital media files from unauthorized distribution. Each month, Loudeye experiences 25 billion digital download hits against its servers, effectively blocking the illicit distribution of copyrighted material across 200 million unique user sessions. The combination of Loudeye's piracy protection services with Loudeye's OD2 services in Europe provides content and distribution partners with a full suite of tools for maximizing the return on their digital media investment. European content partners can utilize Loudeye's services to protect digital music, video, game and software, hinder unauthorized distribution and reinforce the value of digital content through strong promotional tools. Distribution partners benefit from the potential conversion of millions of illegal transmissions into legitimate sales through their stores and services. "The expansion of our asset protection services into Europe underscores our commitment to providing a complete range of solutions for content and distribution partners around the world," said Charles Grimsdale, president and general manager of Loudeye's international business operations. "Billions of files are traded every month on peer-to-peer networks, cutting into revenue for content owners and legitimate digital media distribution stores and services. We look forward to working with European content owners to protect their content from rampant piracy and provide valuable data on the usage of their content across peer-to-peer networks." Loudeye holds three patents in Korea, one in Germany, and has four patents pending in the U.S. for proprietary technology, systems and software related to its digital media asset protection and promotion business. Pricing and Availability Loudeye's asset protection and promotion services are available immediately. For more information, including pricing and a technical overview of Loudeye's asset protection and promotion services, please contact Loudeye sales at +44 (0)207 082 0850 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 lower than anticipated adoption of anti-piracy protection services in the European market; possible adverse resolution of litigation involving Overpeer's anti-piracy services; the completion of the development of the platform; possibility of adverse changes in the market for distribution of digital music that Loudeye serves; 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 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: U.S. media, Candice Yusim, , Karen DeMarco, , or Yasmeen Coning, all of mPRm Public Relations, +1-323-933-3399, for Loudeye Corp.; or Europe media, Simon Hill of Trimedia Communications UK, +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.loudeye.com/

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