Panasonic Chooses Loudeye to Power End-to-End Music Download Service
July 28 2005 - 3:05AM
PR Newswire (US)
Panasonic Chooses Loudeye to Power End-to-End Music Download
Service Service Combines Next Generation Panasonic Music Devices
with Customized Branded Music Download Service Powered by Loudeye
LONDON, July 28 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital
media solutions, today announced it was chosen by Panasonic to
create an end-to-end consumer digital music download service under
the Panasonic brand. The new service, announced together with the
launch of Panasonic's new MP3 players SVMP120 and SVMP110, means
U.K. consumers will have one site where they can buy hardware along
with high quality legal digital music. The on-line Panasonic music
store http://www.panasonicmusicstream.com/ powered by Loudeye
combined with the next generation of Panasonic portable devices
will create a complete music experience for consumers. To celebrate
the launch of the site, Panasonic will offer several promotional
opportunities through the site at
http://www.panasonicmusicstream.com/. John Dixon, General Manager
Brand Communication at Panasonic, said of the deal, "This is a
tremendous new development we are offering our customers, and we
were determined to offer them the very best service available.
Loudeye was the natural choice for this collaboration and brought
the expertise needed to launch a compelling consumer offer under
our brand that adds value to the experience we are creating with
our next generation of portable media devices." Philip Shepherd,
Loudeye Head of Strategic Partnerships for EMEA, said, "This is a
very exciting deal for us and breaks new ground for our partners,
as one of the largest consumer electronics companies in the world
deploys a customized music store on our platform. This service will
offer the first complete end-to-end service powered by Loudeye
enabling consumers to buy both hardware and legitimate downloads
from the same site." Panasonic -- a world leading manufacturer of
consumer electronics Panasonic is a brand name of Matsushita
Electric Industrial Co. Founded in 1918, in Osaka, Japan,
Matsushita has grown to be not only one of the world's largest
manufacturers of consumer and business electronics but also one of
the world's largest companies. Panasonic's vision is driven by the
needs and aspirations of its millions of consumers and business
customers around the world who use Panasonic products every day. As
a result, the name Panasonic is synonymous with innovation,
quality, performance and ease of use. Panasonic UK was established
in 1972, with headquarters located in Bracknell, Berkshire which is
supported by a national Logistics Centre in Northampton. The
company currently employs more than 500 people in the UK. For
further information, visit http://www.panasonic.co.uk/ 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: Angela Baura of Panasonic,
+44(0) 1344 85 3551, or ; or U.S., Karen DeMarco of mPRm Public
Relations, +1-323-933-3399, or , for Loudeye; or Europe, Chris Owen
of Trimedia Communications UK, +44 (0)207 471 6851, or +44 (0)7787
122 800, or , for Loudeye; or investors, Michael Dougherty of
Loudeye Corp., +1-206-832-4000, or Web site:
http://www.loudeye.com/
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