Loudeye and Coca-Cola Relationship Strengthens With Further Expansion in Europe
July 19 2005 - 3:05AM
PR Newswire (US)
Loudeye and Coca-Cola Relationship Strengthens With Further
Expansion in Europe LONDON, July 19 /PRNewswire-FirstCall/ --
Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in
business-to-business digital media solutions, today announced the
expansion of the mycokemusic branded music stores in Ireland and
Italy, as the relationship between the companies continues to grow.
This follows the launch of the UK mycokemusic site in January 2004,
Austria in May 2004 and Switzerland in July 2004. The Republic of
Ireland and Northern Ireland stores and the Italian store will
continue promotional activities for the site, as the digital music
market continues to become a key focus industry for brands
worldwide. Brid Drohan, Media & Activation Manager at Coca-Cola
Ireland, said, "When the mycokemusic site opened in the UK in
January last year, it was heralded as the first time a consumer
goods brand moved into the digital music sector. The launch of
mycokemusic.com in Ireland demonstrates a long-term commitment by
Coca-Cola to offer consumers new and progressive ways to experience
music." Paul Smith, Sales Director for Loudeye UK & Ireland,
said, "We're proud of the deepening relationship between Loudeye
and Coca-Cola through these new stores. The digital music market is
a booming industry at present and having a company such as
Coca-Cola involved is helping to bolster this market." 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 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: media (U.S.), Karen DeMarco of
mPRm Public Relations, +1-323-933-3399, or ; or media (Europe),
Chris Owen of Trimedia Communications UK, +44 (0)207 471 6851, or
+44 (0)7787 122 800, or , both 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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