Loudeye (NASDAQ:LOUD)
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From Oct 2019 to Oct 2024
SEATTLE and LONDON, Nov. 30 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, today announced it will be working to connect digital entertainment devices and related digital media services in the home and on the go. Loudeye will be using the new Intel(R) Viiv(TM) technology platform to deliver enhanced interoperability with consumer electronics devices and third party applications and services, such as Loudeye's privately branded digital music services.
Loudeye seeks to address the complex range of technologies, formats and applications to make devices and services better communicate with each other in next generation entertainment experiences. For consumers, this will usher in a new era of interoperability between a range of digital media devices and components including the PC, mobile phone, set top box and powerful new gaming machines.
Loudeye's Managing Director for Europe, Ed Averdieck, said: "Digital Home is the next frontier for premium music services. We share a similar vision with Intel for the future of the media industry and the possibilities of the digital entertainment marketplace. We're seeing strong early signs of consumer demand for such products -- a trend we believe will grow significantly in coming years. By embracing these new technologies we are demonstrating our commitment to working with industry leaders worldwide to solve the challenges that may be facing the larger adoption of these solutions across multiple consumption channels."
"Digital entertainment as we view it today is undergoing a massive transformation and we are pleased to see companies like Loudeye addressing this opportunity with their global network of privately branded digital music stores," said Kevin Corbett, vice president and general manager, Content Services Group, Intel Digital Home Group. "On-demand, Internet-based content optimized for enjoyment in the living room or on the go, combined with the forthcoming Intel Viiv technology platform will help pave the way for a dramatic change in the way entertainment is consumed worldwide."
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. 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: Karen DeMarco of mPRm Public Relations, +1-323-933-3399, or
, for Loudeye Corp., or Chris Owen of Trimedia Communications
UK, +44 (0)207 471 6851, or +44 (0)7787 122 800, or ,
both for Loudeye Corp.; or Michael Dougherty, Investor relations of Loudeye
Corp., +1-206-832-4000,
Web site: http://www.loudeye.com/