Loudeye Announces 16 New Customer Contracts in Its Overpeer Piracy Protection Business
July 21 2004 - 7:05AM
PR Newswire (US)
Loudeye Announces 16 New Customer Contracts in Its Overpeer Piracy
Protection Business Major Content Owners across the Music,
Film/Video, Game and Software Industries Launch Strategies for
Protecting Assets Against Peer-to-Peer Piracy SEATTLE, July 21
/PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), the
worldwide leader in business-to-business digital media solutions,
today announced 16 new customer contracts for its Overpeer services
with estimated value worth several million dollars over the life of
the contracts. The new contracts more than double the current
revenue run rate of Loudeye's Overpeer business compared to the
revenue run rate prior to Loudeye's acquisition of Overpeer, Inc.
"There are billions of illicit transactions occurring every month
on peer-to-peer networks around the world and this number is
growing weekly. That translates into billions of dollars of lost
revenue and signals a critical demand for content owners to take
immediate action to protect their content," said Jeff Cavins,
Loudeye's president and chief executive officer. "These recent
customer wins, and the overall demand we've seen for our
anti-piracy solutions among new customers, are significant
endorsements to the strength of our Overpeer service in protecting
copyrighted works from widespread illicit sharing." Loudeye's new
customers in its Overpeer business represent major content owners
across the music, film/video, game and software industries. The
addition of new customers, as well as the expansion of current
contracts, demonstrates the growing importance and urgency in
deploying anti-piracy strategies among content owners. In response
to the increasing demand, Loudeye has taken a number of steps in
past months to enhance the capabilities and reach of its piracy
protection solutions including: -- Supporting all of the most
popular P2P protocols. Loudeye's Overpeer solutions cover more than
90% of traffic on the major peer-to-peer networks worldwide --
Tripling the infrastructure supporting its Overpeer service, to
provide the highest level of protection in the industry --
Introducing guaranteed anti-piracy performance, including Overpeer
Titanium, the industry's first anti-piracy service level agreement
(SLA) guaranteed at 99% effectiveness -- Expanding marketing
information and data mining available on password-protected
customer extranet, and -- Providing geographic targeting and
language service for non-English titles "Expanded piracy protection
is rapidly becoming an integrated part of content owners' digital
distribution strategies," said Marc Morgenstern, vice president and
general manager of Loudeye's digital media asset protection and
promotion business. "While a digital distribution strategy provides
cost efficient, inventory-free, global reach to maximize revenue
potential, content owners must also ensure their valuable assets
are not illegitimately traded. This is an increasingly common
belief among existing and new customers, which is fueling the
continued growth in our piracy protection and promotion business."
Through its Overpeer service offering, Loudeye offers digital media
asset protection and promotion services for content owners across
the music, film/video, game and software industries. The Overpeer
Titanium service provides a service level agreement (SLA) that
guarantees 99% effectiveness in preventing the illicit sharing of
digital media across peer-to-peer networks. More information is
available at: http://www.loudeye.com/services/protection. Loudeye
holds confidentiality agreements with customers in its piracy
protection and promotion line of business, prohibiting the company
from disclosing specific names of customers in this service area.
About Loudeye Corp. Loudeye is the 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 music archive 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 estimated value of
such contracts not being fully achieved due to breach, performance
or timing of deployment and title release dates, 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/. Loudeye assumes no obligation to update the
forward-looking statements. DATASOURCE: Loudeye Corp. CONTACT:
media/press contact (U.S.), Candice Yusim, , or Karen DeMarco, ,
both of mPRm Public Relations, +1-323-933-3399, for Loudeye; or
media/press contact (Europe), Simon Hill of Trimedia Communications
UK, +44 (0)207 471 6826, or +44 (0)7776 251192, or , for Loudeye;
or investors, Michael Dougherty of Loudeye, +1-206-832-4000, or Web
site: http://www.loudeye.com/
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