Loudeye Announces Second Portuguese Digital Music Distribution Deal
November 02 2004 - 2:05AM
PR Newswire (US)
Loudeye Announces Second Portuguese Digital Music Distribution Deal
X-Tazee Records to Launch Branded Digital Music Store Powered by
Loudeye's OD2 LONDON, Nov. 2 /PRNewswire-FirstCall/ -- Loudeye
Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business
digital media solutions, today announced it was chosen by
Portuguese label X-Tazee Records (http://www.x-tazee.com/) to power
a multi-faceted digital music distribution strategy and consumer
download experience. Under the terms of the agreement, X-Tazee will
launch a retail site leveraging a digital music download store
powered by Loudeye's OD2 services and license portions of the
X-Tazee music catalogue for distribution through stores powered by
the OD2 services. Today's announcement marks the second deal for
Loudeye in the Portuguese market over the past 30 days. X-Tazee's
online music experience will aim to deepen relationships between
artists and their fans, open a new retail channel for driving music
sales, and promote X-Tazee's artist roster. The new online music
store, expected to launch in the first quarter of 2005, will
contain a number of unique features designed with the needs and
tastes of the Portuguese public specifically in mind. One of the
prime benefits the new store will offer customers is the
opportunity to download select new releases before they hit retail
stores. By negotiating deals directly with the artists on their
label, X-Tazee can offer exclusive deals for national and
international acts through their digital download store, and will
shortly announce those expected to be featured during the launch of
the site. Artists on X-Tazee's roster include guitarist Snowy
White, Latin Jazz Grammy nominee Orlando Sandoval, Hip-Hop
sensation Pentagon, singer P.P. Arnold, gothic lovers Dr. Zilch,
Dutch heavy metal band Eye-Con, and many others. "Loudeye's OD2
services enabled us to rapidly capitalize on the potential of a
digital distribution and retail strategy, leveraging our brand and
the assets we already have in place," said Luis de Matos, founder
of X-Tazee. "With our core focus on signing artists, producing and
promoting their work and driving music sales, we sought an industry
leader who could offer a turnkey solution for meeting our digital
distribution goals. Loudeye's OD2 services provide a complete
solution for every aspect to our deployment and brought a strong
understanding of the importance of localizing the offering to the
Portuguese market." Charles Grimsdale, president and general
manager of Loudeye's international business operations, said, "This
deal, our second in 30 days for the Portuguese market, highlights
the recent rapid growth and great appetite for high quality, legal
digital music among Portuguese consumers. X-Tazee's unique position
in the marketplace enables them to launch a service using our
platform that can leverage their content assets and retail reach to
significantly enhance their business strategies by increasing
artists' visibility, accessibility and sales potential." Loudeye's
OD2 services are the leading European digital music services,
offering online access to more than 400,000 songs through sites
such as Virgin, Tiscali, MyCokeMusic and HMV. Loudeye's localized
European services provide a focused offering for each country, with
the best international acts for sale alongside the finest local
talent. 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 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 completion of the
development of the platform; possibility of adverse changes in the
market for distribution of digital music that Loudeye and our OD2
subsidiary serve; 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 and/or OD2'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 (U.S.), Karen DeMarco, +1-323-933-3399, or , or Yasmeen
Coning, +1-323-933-3399, or , both of mPRm Public Relations, or
media (Europe), Simon Hill of Trimedia Communications UK, +44
(0)207 471 6826, or +44 (0)7776 251192, or , all for Loudeye Corp.;
or investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000,
or Web site: http://www.x-tazee.com/ Web site:
http://www.loudeye.com/
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