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Wanadoo Signs Digital Music Contract for Loudeye's OD2 Services
- Wanadoo expands online Music Club service to Spain and the Netherlands,
continuing its involvement in providing legal digital music on the internet and
further increasing the company's European broadband market leadership.
PARIS, Oct. 26 /PRNewswire/ -- Wanadoo, a France Telecom brand and European
leader in broadband Internet access, and Loudeye Corp. (NASDAQ:LOUD), a
worldwide leader in business-to-business digital media solutions, today
announced a new contract confirming OD2, a Loudeye company, as the preferred
content provider of digital audio music for Wanadoo services in Europe.
Under the agreement, Wanadoo will continue operating its OD2-powered online
Music Club in France and in the UK, while expanding into Spain and the
Netherlands in November 2004. As a result, Wanadoo now offers its more than 3
million Broadband subscribers a service to legally download high quality
digital music.
Additionally, Wanadoo will offer the OD2 Music Manager Application, a
proprietary plug-in for Microsoft Windows Media Player that offers the customer
a personalized friendly interface and the ability to stream individual tracks.
Olivier Sichel, Vice-President of France Telecom Home Communications Services,
said, "with this new pan-European offer, Wanadoo has strengthened its European
involvement in legal music distribution on the internet. Our music services are
important to our broadband users and we look forward to rolling out the OD2
services into new countries as well as expanding our current offering to
leverage new and exciting digital music features".
Charles Grimsdale, president and managing director of Loudeye's international
business operations, said, "as a leader in broadband internet access in Europe,
Wanadoo is one of our flagship customers and we believe their contract
expansion demonstrates the importance of digital music in driving branding,
incremental revenue opportunities, promotions, cross selling and enhancing
consumers' online experience".
As part of the offer, Wanadoo will launch an unlimited on demand streaming
package. For euro 7.99 per month, users will be able to play as many full
length tracks as they want to in hi-fi quality. 400,000 tracks will be
available from pounds Sterling 0.69/ 0.99 euro - for a limited promotional
period.
About Wanadoo
Wanadoo, a brand from France Telecom, is Europe's No. 1 Broadband provider.
Wanadoo has, at 30 June 2004, 9.3 million total customers -- 35% on Broadband
-- and is the No. 1 ISP in France and the UK, and No. 2 in Spain and the
Netherlands.
About Loudeye Corp.
Loudeye (NASDAQ:LOUD) 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 press release contains forward-looking information within the meaning of
the U.S. 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: European Contact, Simon Hill, +44 (0) 207 471 6826, or
, or Chris Owen, +44 (0) 207 471 6851, or
, both for Loudeye; or Nilou du Castel,
, or Caroline Ponsi,
, or Sebastien Goales,
, all for Wanadoo / France Telecom,
+33 (0)1 44 44 93 93; or U.S. Contact, Karen DeMarco, , or
Yasmeen Coning, , both of mPRm Public Relations,
+1-323-933-3399, for Loudeye
Web site: http://www.loudeye.com/