Loudeye Launches Music Bundle Initiative With Planet Internet
May 25 2005 - 3:05AM
PR Newswire (US)
Loudeye Launches Music Bundle Initiative With Planet Internet
LONDON, May 25 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital
media solutions, today announced the launch of a new digital music
bundling initiative through a deal with a leading Dutch ISP, Planet
Internet. Under the service, Planet Internet offers its ADSL
Comfort and ADSL Advanced customers free music for a year in the
form of promotional credits. The package is offered to both new
subscribers and existing customers and does not require an
additional subscription fee. Customers can spend the credits in
Planet Internet's MusicStream service where they can stream or
download individual tracks and whole albums. Tako in't Veld,
Broadband Content Manager for Planet Internet, said, "We are
delighted to have secured this deal with Loudeye to offer our
customers access to digital music as part of an all around
subscription package. We aim to provide the highest value to our
ADSL customers and bringing Loudeye on board firmly echoes this
promise." Ed Averdieck, managing director for Loudeye's European
Operations, said, "This deal reflects another innovative way in
which Loudeye opens the options to consumers who are looking for
high quality digital downloadable music at an affordable cost."
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. The
forward-looking statements in this release are based on current
estimates and actual results may differ materially due to risks,
including the possibility of higher than anticipated redemption
rates for the promotional credits provided to the ISP's customers
during the term of the agreement, 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/. Loudeye
assumes no obligation to update the forward-looking statements.
DATASOURCE: Loudeye Corp. CONTACT: media, (U.S.), Karen DeMarco of
mPRm Public Relations, +1-323-933-3399, or , for Loudeye Corp.; or
(Europe), Chris Owen of Trimedia Communications UK,
+44-0-207-471-6851, or +44-0-7970-933-680, or , for Loudeye Corp.;
or investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000,
or Web site: http://www.loudeye.com/
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