Loudeye Powers Its First Music Download Store in South Africa
December 13 2004 - 3:05AM
PR Newswire (US)
Loudeye Powers Its First Music Download Store in South Africa
Leading South African Retailer Musica Chooses Loudeye's OD2
Services to Launch Privately Branded Music Store SEATTLE, Dec. 13
/PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide
leader in business-to-business digital media solutions, today
announced the expansion of its OD2 services into South Africa
through the launch of a music store for leading retailer Musica.
The music store, which will be available at
http://www.musica.co.za/, marks the first digital music download
store powered by Loudeye's OD2 services in South Africa, and the
20th country where Loudeye provides digital music services. The
deal allows Musica to enhance its online presence through the
addition of a custom-branded digital music store to its existing
online retail Website. The site will be updated with new releases,
allowing consumers to access the most contemporary music available.
Musica is also planning to focus on local talent by working with
local record companies to educate them about the benefits of legal
digitized music as a means to generate extra revenue and promote
their brand to a wider audience. "The international download market
is growing apace and as South Africa's largest retailer, Musica had
to be the first to offer a download service here," said Colin Robb,
Musica MD. "Our customers would expect us to offer the service and,
as they already know and trust our brand, we're confident that
they'll feel safe and comfortable buying music online through the
Musica website." "This is an exciting new territory for OD2 to be
moving into, especially as there is no current digital music
supplier in the country," said Philip Shepherd, OD2's business
development manager. "It was an obvious choice to collaborate with
Musica as they are the largest music retailer in South Africa and
the ideal partner for educating the market about the benefits of
digital music." 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 adverse changes in the
market for distribution of digital music that Loudeye's OD2
services target, in particular in new markets; potential delays in
store launch; loss of digital distribution rights from any major
label; 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 its OD2 products and
services; 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, Karen
DeMarco, or Yasmeen Coning, , both of mPRm Public Relations,
+1-323-933-3399, for Loudeye Corp.; or in 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 Corp., +1-206-832-4000, or Web site:
http://www.musica.co.za/ Web site: http://www.loudeye.com/
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