Wanadoo Signs Digital Music Contract for Loudeye's OD2 Services
October 26 2004 - 7:00AM
PR Newswire (US)
Wanadoo Signs Digital Music Contract for Loudeye's OD2 Services -
Wanadoo expands online Music Club service to Spain and the
Netherlands, continuing its involvement in providing legal digital
music on the internet and further increasing the company's European
broadband market leadership. PARIS, Oct. 26 /PRNewswire/ --
Wanadoo, a France Telecom brand and European leader in broadband
Internet access, and Loudeye Corp. (NASDAQ:LOUD), a worldwide
leader in business-to-business digital media solutions, today
announced a new contract confirming OD2, a Loudeye company, as the
preferred content provider of digital audio music for Wanadoo
services in Europe. Under the agreement, Wanadoo will continue
operating its OD2-powered online Music Club in France and in the
UK, while expanding into Spain and the Netherlands in November
2004. As a result, Wanadoo now offers its more than 3 million
Broadband subscribers a service to legally download high quality
digital music. Additionally, Wanadoo will offer the OD2 Music
Manager Application, a proprietary plug-in for Microsoft Windows
Media Player that offers the customer a personalized friendly
interface and the ability to stream individual tracks. Olivier
Sichel, Vice-President of France Telecom Home Communications
Services, said, "with this new pan-European offer, Wanadoo has
strengthened its European involvement in legal music distribution
on the internet. Our music services are important to our broadband
users and we look forward to rolling out the OD2 services into new
countries as well as expanding our current offering to leverage new
and exciting digital music features". Charles Grimsdale, president
and managing director of Loudeye's international business
operations, said, "as a leader in broadband internet access in
Europe, Wanadoo is one of our flagship customers and we believe
their contract expansion demonstrates the importance of digital
music in driving branding, incremental revenue opportunities,
promotions, cross selling and enhancing consumers' online
experience". As part of the offer, Wanadoo will launch an unlimited
on demand streaming package. For euro 7.99 per month, users will be
able to play as many full length tracks as they want to in hi-fi
quality. 400,000 tracks will be available from pounds Sterling
0.69/ 0.99 euro - for a limited promotional period. About Wanadoo
Wanadoo, a brand from France Telecom, is Europe's No. 1 Broadband
provider. Wanadoo has, at 30 June 2004, 9.3 million total customers
-- 35% on Broadband -- and is the No. 1 ISP in France and the UK,
and No. 2 in Spain and the Netherlands. About Loudeye Corp. Loudeye
(NASDAQ:LOUD) 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 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 press release contains
forward-looking information within the meaning of the U.S. 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 completion of the development of the
platform; possibility of adverse changes in the market for
distribution of digital music 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; 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:
European Contact, Simon Hill, +44 (0) 207 471 6826, or , or Chris
Owen, +44 (0) 207 471 6851, or , both for Loudeye; or Nilou du
Castel, , or Caroline Ponsi, , or Sebastien Goales, , all for
Wanadoo / France Telecom, +33 (0)1 44 44 93 93; or U.S. Contact,
Karen DeMarco, , or Yasmeen Coning, , both of mPRm Public
Relations, +1-323-933-3399, for Loudeye Web site:
http://www.loudeye.com/
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