Nokia Chooses Loudeye to Develop a Next-Generation Wireless Digital Music Platform

Nokia Chooses Loudeye to Develop a Next-Generation Wireless
Digital Music Platform 


SEATTLE, Aug. 9  /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), the
worldwide leader in business-to-business digital media solutions, today
announced a multi-year agreement with the Multimedia business group of Nokia
(NYSE:NOK) to develop an advanced wireless digital music platform for mobile
operators and their subscribers worldwide. This agreement includes a
multi-million dollar commitment to Loudeye for development fees and defines a
global collaboration framework between the companies.  Additional details
regarding the collaboration, as well as the platform and its availability, will
be announced at a later date.

"This agreement with Nokia represents a significant strategic opportunity for
Loudeye to work with the leading mobile communications company in the world to
develop an advanced wireless music platform," said Jeff Cavins, Loudeye's
president and chief executive officer.  "We are very excited about our
relationship with Nokia and look forward to sharing more details in the
future."

About Loudeye Corp.

Loudeye is the 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 the completion of the development of the platform; possibility of
adverse changes in the market for distribution of digital music 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; 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/Public Relations (Europe), Zoe Harris of Trimedia

Communications UK, [phone], or ; or

Media/Public Relations (U.S), Karen DeMarco/Candice Yusim of mPRm,

[phone], or kdemarco/, all for Loudeye Corp.; or

Investor Relations, Michael Dougherty of Loudeye Corp., [phone], or





Web site:  http://www.loudeye.com/ 

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