Loudeye Teams With Satellite Interactive to Launch Coke Branded Music Service in New Zealand
August 02 2005 - 3:05AM
PR Newswire (US)
Loudeye Teams With Satellite Interactive to Launch Coke Branded
Music Service in New Zealand LONDON, Aug. 2 /PRNewswire-FirstCall/
-- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in
business-to-business digital media solutions, today announced it
has teamed with Satellite Interactive, a New Zealand based
interactive media company, to launch CokeTunes -- a Coca-Cola
branded digital music service for the New Zealand market. The site
offers an extensive catalogue of global and local content for
customers to download in the New Zealand market. Consumers will
also be able to purchase tracks and albums for downloading to their
PC using their Telecom mobile phone account as well as through the
standard Web-based service with their credit card. Coca-Cola is
supporting the development of New Zealand musicians by donating
their proceeds from every track sold to the CokeTunes Music Fund
that will make grants to young musicians on a quarterly basis.
Musicians can apply for this funding starting November 2005. More
information is available online at http://www.cokefridge.co.nz/.
Coca-Cola New Zealand spokesperson Alison Sykora, said: "The
CokeTunes Music Fund will also allow us to give something back to
the local music community and hopefully help emerging talent from
around New Zealand. We hope Kiwi's will get in behind CokeTunes to
help support New Zealand music." "New Zealanders love music and
technology so providing them with a compelling New Zealand download
site offering such an extensive repertoire of music is a real buzz
for Coke," continued Sykora. Nick Lowe, Director of New Media for
Satellite Interactive, said: "The New Zealand market has long
awaited the arrival of a digital music service where consumers can
download from a large selection of music. We and Coca-Cola are very
excited to be a part of this solution." "It's great to be working
with CokeTunes and I'm thrilled that for the first time in New
Zealand, Universal Music's current hits and our extensive catalogue
will be available to New Zealanders digitally. Most importantly our
artists are now legally available online and as such this is an
important milestone for New Zealand music," said Adam Holt,
Managing Director, Universal Music. The site will be the eighth
Coca-Cola branded site supported by Loudeye. Coca-Cola sites
currently operate in UK, Northern Ireland, Eire, Italy, Austria,
Switzerland and Poland. It will also be Coca-Cola's first digital
music foray into the Pacific region. Phil Shepherd, Head of
Strategic Partnerships for Loudeye EMEA, added: "Loudeye is
delighted to have been chosen by CokeTunes for the launch of this
store, which represents further evidence of the growing global
market for legitimate downloads." Mike Brochu, Loudeye's President
and CEO, added: "The Pacific region is an important territory for
Loudeye as the digital market expands further across the globe and
to have a partner of Coca-Cola's status involved naturally
heightens the awareness of such a site." 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;
complexities of entering new geographic markets for Loudeye's
digital media store services; 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:
U.S., Karen DeMarco of mPRm Public Relations, +1-323-933-3399, or ,
or Europe, Chris Owen of Trimedia Communications UK, +44 (0)207 471
6851, or +44 (0)7787 122 800, or , both for Loudeye Corp.; or
Michael Dougherty, Investor relations, +1-206-832-4000, or Web
site: http://www.loudeye.com/
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