Seattle (ots/PRNewswire) -
- Loudeye Now Powering Music Stores in 17 Countries Worldwide
Loudeye Corp. (Nasdaq: LOUD), a worldwide leader in
business-to-business digital media solutions, today announced it was
chosen by Portugal Telecom to power a privately branded digital music
download store for Portugal Telecom's SAPO Networks, Portugal's
leading Internet portal. The announcement marks the expansion of
Loudeye and its OD2 services into Portugal, extending its global
reach across 17 countries.
Portugal Telecom is launching a new broadband entertainment
channel on its SAPO Networks, including a complete branded digital
music store powered by Loudeye's OD2 services. The store, which is
live today and available through www.sapo.pt, will feature music from
all four major labels and many independent labels.
"Today's launch of a new store on SAPO Networks represents the
growing demand for digital music worldwide and our ability to work
closely in various regions, languages and currencies to create a
customized and highly compelling digital music experience for our
customers," said Charles Grimsdale, president and general manager of
Loudeye's international business operations. "Expanding into Portugal
by powering one the largest Internet portals in the country further
demonstrates the important role digital music can play in helping
companies drive incremental revenue opportunities, strengthen
relationships and increase brand recognition across their consumer
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 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 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 www.sec.gov. Loudeye assumes no obligation to update the
Web site: http://www.sapo.pt
Web site: http://www.loudeye.com
ots Originaltext: Loudeye Corp.
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Karen DeMarco, email@example.com, or Yasmeen Coning,
firstname.lastname@example.org, both of mPRm Public Relations, for Loudeye Corp.
+1-323-933-3399; or Simon Hill of Trimedia Communications UK,
+44(0)207-471-6826, or +44(0)7776-251192, or
email@example.com, for Loudeye Corp.; or Michael Dougherty of
Loudeye Corp., +1-206-832-4000, or firstname.lastname@example.org. FCMN Contact: