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Loudeye Teams With Exabre for Media Recommendation Technology
Leading Personal Recommendation Technology to Be Offered to Loudeye's Global
Network of Digital Music Stores
SEATTLE and LONDON, July 6 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital media
solutions, today announced it is incorporating media recommendation technology
from Exabre Limited into its product portfolio as a value added feature for
Loudeye's network of music stores. Exabre offers a best in class
recommendation technology that is highly scalable to support Loudeye's growing
network of music stores worldwide, and provides a key feature for enhancing the
value Loudeye's customers can offer to their end users.
Exabre's recommendation technology can be integrated in the consumer
experiences for Loudeye's online digital music and mobile music solutions.
The recommendation system from Exabre takes a mix of users' search, sampled,
streamed and purchase history and compares it with other users' data and
external information. Based on Exabre's proprietary technology and algorithms,
the system suggests artists, tracks and album recommendations for the user.
Additionally, using Exabre's innovative, "music discovery," "what is trendy,"
and "random" functions, Exabre delivers personal and intuitive music and
entertainment recommendations and playlists.
Loudeye selected Exabre because their advanced technology delivers the most
personal recommendations available from the user evidence provided, leading to
increased product selection and revenues from each consumer interaction.
Additionally, Exabre is an expert adaptive system which means that the more it
is used the better it gets without the extensive rules management of other
systems on the market. Thus Exabre delivers Loudeye customers with highly
relevant recommendations while Loudeye benefits from a highly scaleable
solution with a low cost of deployment and ownership.
Exabre's CEO Rhett Ryder said: "We are very excited to be working with a
leader in the global digital entertainment market where the full power of the
Exabre software can be exploited to Loudeye's customers worldwide. We believe
digital entertainment services will be one of the most exciting and ubiquitous
technology evolutions over the next two years. We look forward to providing
innovative solutions for companies to maximize their opportunities in the
industry and create richer consumer media experiences."
Loudeye's general manager for Europe Ed Averdieck said: "This agreement with
Exabre will enable us to offer innovative recommendation technology for our
network of music stores. We believe this personalized music technology can be
valuable for assisting consumers in finding and discovering new music they may
want to purchase through an intuitive and engaging experience. This agreement
demonstrates our commitment to offering the latest technologies and
advancements for enhancing the user experience for our customers and their
music stores."
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/.
About Exabre Limited
Exabre Limited is a private company with headquarters in Bath, UK. Exabre
Limited uses advanced artificial intelligence technology to deliver the most
personal and intuitive product recommendation engine. Exabre is deployed on
Windows 2003 and SQLServer and can be used to provide personalised product
recommendations across a wide range of entertainment products and services.
Exabre is a catalyst service to deliver personal product recommendations for
all online and multi-channel retailers, seamlessly across their brand.
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 possibility of 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/. These are among the primary
risks we foresee at the present time. Loudeye assumes no obligation to update
the forward-looking statements.
DATASOURCE: Loudeye Corp.
CONTACT: Media/press, U.S., Karen DeMarco of mPRm Public Relations,
+1-323-933-3399, or , for Loudeye; or Media/press, Europe,
Chris Owen of Trimedia Communications UK, +44-0-207-471-6851, or
+44-0-7970-933-680, or , for Loudeye; or Jill Jones,
+44-870-3331-007, or , for Exabre; or Investor
relations, Michael Dougherty of Loudeye, +1-206-832-4000, or
Web site: http://www.loudeye.com/