Loudeye (NASDAQ:LOUD)
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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/