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LOUDEYE CORPORATION - Nasdaq National Market: LOUD
LOUDEYE CORPORATION - Nasdaq National Market: LOUD
Consolidated Real-time Market Quote*| Last | Change (%) | After Hours Chg (%)** | Bid | Ask | Trade Time |
| 1.49 |  quotes.freerealtime.com/gra/uparrow1.gif" style="max-width:560px" > 0.37 (33.04) | N/A | 1.50 (10) | 1.519 (31) | 11:26 |
Exchange Quote | Last | Change (%) | Bid (size) | Ask (size) | Trade Time |
| 1.46 | quotes.freerealtime.com/gra/uparrow1.gif" style="max-width:560px" > 0.34 (30.36) | 1.46 (27) | 1.47 (119) | 11:14 |
| Day Volume | Last Size | Open | High | Low |
| 7,093,211 | 400 | 1.32 | 1.47 | 1.31 |
| Latest Ticks | # of Trades | Avg Trade Size | VWAP | 52 Wk High |
| -=== | 3,999 | 1,774 | 1.364 | 1.89 |
| 52 Wk Low | Prev Close | Avg Day Vol | | |
| 0.18 | 1.12 | 2,249,700 |
Loudeye Announces Strategy to Expand Into Wireless Digital Music Distribution Market in North America, Europe and Japan Loudeye Signs Service Contracts With Four Wireless Content Providers That Are Deploying Services Globally With Several Major Wirel
SEATTLE, Jul 10, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp.
(Nasdaq: LOUD), a leading provider of services for the management, promotion and
distribution of digital media, today announced its strategic expansion into the
wireless digital music distribution market in North America, Europe and Japan,
with the signing of service contracts with four leading providers of wireless
content to subscribers of several major wireless carriers. Loudeye's wireless
offerings include digital distribution services for rich media ring tones and
enhanced wireless media delivery services for mobile phones and devices. Leading
research firm IDC projects the U.S. ringtone market alone will grow to more than
$1 billion by 2007.
By working with Loudeye, wireless carriers and entertainment companies can offer
their mobile users the ability to purchase licensed rich media ringtones of
music tracks, preview digital music samples and view information related to the
music. Loudeye's rich media ringtones provide wireless consumers with a 3-30
second clip of the actual song recording compared to traditional mono or
polyphonic ringtone offerings.
Loudeye recently signed contracts with a leading U.S.-based provider of wireless
content as well as a leading Japanese provider of wireless content, each of whom
will offer consumers rich media ring tones for mobile phones from a large
library of content provided by Loudeye. Loudeye provides these customers content
delivery and rights clearing services. Loudeye receives a wholesale fee for each
rich media ringtone purchased and downloaded by a wireless subscriber and pays
royalties to the appropriate music label. The ring tones are delivered through
Loudeye's proprietary digital music archive, digital distribution systems and
broad relationships with music labels. Loudeye initially will be providing
content from The Orchard, the largest distributor of non-major label music in
the world, whose catalog consists of content from over 5,000 independent labels
and thousands of artists from 30 countries.
Loudeye is also providing enhanced wireless media delivery services including
music data and identification services. Loudeye recently signed contracts with
two customers for these services, for which Loudeye is paid a service fee for
access to its metadata database, including metadata for over 4 million tracks
and weekly new releases.
"The growing popularity of wireless music in the U.S., Europe and Asia provides
a significant opportunity for artists to connect with their fans in new ways,"
said Steve Haase, senior vice president of business development of The Orchard.
"Through their licensed music archive and distribution systems, Loudeye enables
The Orchard to make available over 120,000 rich media ringtones to this growing
marketplace. We look forward to providing our artists a new channel to sell
their music to a global wireless audience."
"Our digital media management and distribution systems were built on a highly
flexible and scalable platform capable of supporting emerging opportunities in
the marketplace," said Jeff Cavins, Loudeye's president and chief executive
officer. "Wireless media delivery is reaching an important inflection point in
its adoption, particularly overseas where it's seeing tremendous growth. The
extension of our services into the mobile media space demonstrates our strategy
to provide turn-key digital media distribution services to support all means by
which digital music can be purchased and enjoyed by consumers."
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing,
promoting and distributing digital content for the entertainment and corporate
markets. For more information, visit
www.loudeye.com.Forward Looking Statements
This release contains forward-looking information within the meaning of the
Private Securities Litigation Reform Act of 1995, including statements about the
growth of Loudeye's business within wireless digital music distribution,
including the anticipated adoption of rich media ringtones and enhanced wireless
media delivery services; expected benefits of Loudeye's digital music
distribution services, including ringtone market growth in the US, Europe and
Japan; expected consumer adoption; timing of full customer deployment of
ringtones; statements about Loudeye's ongoing relationship with The Orchard; and
the statements made by Loudeye's president and CEO. These statements are based
on Loudeye's opinion of current trends and actual results may differ materially
due to risks, including adverse changes or a slow down in the adoption of
digital media and outsourced services in the markets Loudeye serves; the loss of
any key customers; the failure to continue to maintain or develop new copyright
licenses to deliver current and future services; the failure or loss of service
of Loudeye's technological infrastructure; the complexity of Loudeye's services
and delivery networks; 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
www.sec.gov. Loudeye assumes no obligation to update the forward-looking
statements.
SOURCE Loudeye Corp.
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