Loudeye Sees Record Number of Paid Music Downloads During 2005 Holiday Season
January 06 2006 - 6:05AM
PR Newswire (US)
SEATTLE and LONDON, Jan. 6 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in digital media solutions, today
announced it experienced record transactional volume of digital
music downloads from its European operations during the 2005
holiday season. Strong December 2005 downloading drove an increase
in transactional volume of more than 200% compared to the same
period in 2004. Approximately 85,000 tracks were downloaded on
Christmas Day alone, a one-day record for Loudeye's European music
store services. Of these, over 60,000 were unique tracks, showing
the diverse range of content appealing to consumers. "These results
show that the appetite for legal music downloads continues to grow
at a strong pace," said Ed Averdieck, managing director of Loudeye
Europe. "Together with our retail partners, we believe we are well
placed to capture growing demand for digital music in 2006." About
Loudeye Corp. Loudeye is a worldwide leader in business-to-business
digital media solutions. 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. These statements 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; lack of market
acceptance for Loudeye's products and 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; 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/press contact (Europe),
Chris Owen of Trimedia Communications UK, +44 (0)207 471 6851, or
+44 (0)7787 122 800, or , for Loudeye; or Media/press contact
(U.S.), Karen DeMarco of mPRm Public Relations, +1-323-933-3399, or
, for Loudeye; or Investor relations, Michael Dougherty of Loudeye,
+1-206-832-4000, or Web site: http://www.loudeye.com/
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