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LOUD Loudeye

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Loudeye NASDAQ:LOUD NASDAQ Common Stock
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Loudeye to Provide Digital Media Services for the Music Choice Network Launch of Customized and On Demand Video Music Channels

30/11/2004 12:05pm

PR Newswire (US)


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Loudeye to Provide Digital Media Services for the Music Choice Network Launch of Customized and On Demand Video Music Channels Music Choice Leverages Loudeye's Advanced Media Center and Digital Distribution Experience to Deliver High Quality Music Videos to Digital Cable and Cable-Modem Subscribers SEATTLE, Nov. 30 /PRNewswire-FirstCall/ -- Loudeye Corp., (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, today announced it was selected by Music Choice, the premier, multi-platform music network, to provide content ingestion, encoding, editing, watermarking and delivery services to support the launch of Music Choice's on-demand music video services for cable subscribers. Through its advanced media center and seven years of digital media experience, Loudeye is able to rapidly process and deliver hundreds of music videos to the exact specifications necessary for decoding on set top boxes as part of the Music Choice service. Each week, Loudeye receives the licensed content either digitally or on tape from Music Choice and its partners. Loudeye then encodes the videos into CableLab MPEG format, watermarks and edits them to include Music Choice's branding and artist data specifications, and delivers them to Music Choice for broadcast through its cable partners. "We are excited about offering a broad selection of high quality music videos on our new video music network," said Damon Williams, Senior Director of Programming for Music Choice. "By utilizing Loudeye's expertise in content digitization, we are able to expand our catalog of music videos in a very short period of time." The services leverage Loudeye's advanced digital audio/video router and broadcast quality video infrastructure to deliver high quality video output for Music Choice's on-demand service. Additionally, Loudeye's production systems and technology enable the rapid processing of Music Choice's content, helping meet the high volumes of music videos licensed to Music Choice that need to be prepared for the service. "This deal with Music Choice highlights the scalability and flexibility of our high-end video infrastructure and media center to support a wide range of new business models, including those in the emerging cable and high definition video markets," said Jeff Cavins, Loudeye's president and chief executive officer. "Music Choice is an early leader in this market and we look forward to continuing our work with them as they approach the launch of their on-demand service." 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/. About Music Choice Music Choice, the premier multi-platform music network, reaches consumers through digital cable and satellite television, and broadband. Renowned for its cutting-edge innovation in custom music offerings and music delivery, Music Choice programs a comprehensive selection of music channels, produces exclusive content, including in-studio performances, artist interviews and music shows, and distributes concerts that feature both established and up-and-coming recording artists. The MUSIC CHOICE(R) televised music channels currently reach 37 million households, and the exclusive concerts air in 44 million satellite and cable homes nationally. Headquartered in Horsham, PA, Music Choice is a partnership among subsidiaries of Microsoft Corporation, Motorola, Inc., Sony Corporation of America, EMI Music and several leading U.S. cable providers: Adelphia Cable Communications, Comcast Cable Communications, Cox Communications and Time Warner Cable. MUSIC CHOICE(R) is a registered trademark of Music Choice. Visit the Music Choice website at http://www.musicchoice.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 possibility of adverse changes in the market for distribution of the digital media services targeted by Loudeye's services; pricing pressures and other activities by competitors; lack of market acceptance for Loudeye's and its customers' products and services; possible delay in the adoption of digital media or related applications on the web or over mobile networks 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, Karen DeMarco, +1-323-933-3399, , or Yasmeen Coning, +1-323-933-3399, , both of mPRm Public Relations, for Loudeye Corp.; or investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000, or ; or Karen Doler of Music Choice, +1-215-784-5842, or Web site: http://www.musicchoice.com/ Web site: http://www.loudeye.com/

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