Loudeye (NASDAQ:LOUD)
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Loudeye Launches Music Bundle Initiative With Planet Internet
LONDON, May 25 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a
worldwide leader in business-to-business digital media solutions, today
announced the launch of a new digital music bundling initiative through a deal
with a leading Dutch ISP, Planet Internet.
Under the service, Planet Internet offers its ADSL Comfort and ADSL Advanced
customers free music for a year in the form of promotional credits. The package
is offered to both new subscribers and existing customers and does not require
an additional subscription fee.
Customers can spend the credits in Planet Internet's MusicStream service where
they can stream or download individual tracks and whole albums.
Tako in't Veld, Broadband Content Manager for Planet Internet, said, "We are
delighted to have secured this deal with Loudeye to offer our customers access
to digital music as part of an all around subscription package. We aim to
provide the highest value to our ADSL customers and bringing Loudeye on board
firmly echoes this promise."
Ed Averdieck, managing director for Loudeye's European Operations, said, "This
deal reflects another innovative way in which Loudeye opens the options to
consumers who are looking for high quality digital downloadable music at an
affordable cost."
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 digital music archive, a broad catalog of
licensed digital music 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. The forward-looking
statements in this release are based on current estimates and actual results
may differ materially due to risks, including the possibility of higher than
anticipated redemption rates for the promotional credits provided to the ISP's
customers during the term of the agreement, 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; 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, (U.S.), Karen DeMarco of mPRm Public Relations,
+1-323-933-3399, or , for Loudeye Corp.; or (Europe),
Chris Owen of Trimedia Communications UK, +44-0-207-471-6851, or
+44-0-7970-933-680, or , for Loudeye Corp.; or
investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000, or
Web site: http://www.loudeye.com/