- Leading South African Retailer Musica Chooses Loudeye's OD2
Services to Launch Privately Branded Music Store
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 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 www.loudeye.com
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 www.sec.gov
. Loudeye assumes no obligation to
update the forward-looking statements.
Web site: http://www.musica.co.za
Web site: http://www.loudeye.com
ots Originaltext: Loudeye Corp.
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