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Loudeye Corp.

Loudeye Powers Digital Music Store for Gizmondo

London (ots/PRNewswire)

Loudeye Corp. (Nasdaq: LOUD), a
worldwide leader in business to business digital media solutions,
today announced the launch of a customized digital music store for
Gizmondo which offers customers a wide range of digital music tracks
in the UK.
Through the deal, Gizmondo offers their customers over 450,000
tracks from over 12,000 artists direct through a Gizmondo branded
music store available at www.gizmondomusic.com. The Gizmondo digital
music store allows consumers to download high quality digital music
with individual tracks available for as little as 0.69p / euro 1.00
each, and albums priced starting at 6.99 pounds Sterling / euro
10.00.
Carl Freer, Managing Director Gizmondo Europe, said: "This
agreement further strengthens our commitment to providing first class
entertainment to our customers as Loudeye's services complement the
other outstanding entertainment options we offer. The Gizmondo is the
most powerful, feature laden piece of multi-entertainment hardware
available."
Philip Shepherd, Loudeye's head of strategic partnerships EMEA,
comments: "The Gizmondo console looks set to bring in a whole new age
in mobile entertainment, and we're delighted that Gizmondo has chosen
Loudeye as its digital music partner of choice."
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 digital music archive, a broad catalog of licensed digital
music 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 possibility of
adverse changes in the market for distribution of digital audio and
video 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; the failure of Loudeye's hosting infrastructure; the
complexity of Loudeye's services and delivery networks; any problems
or failures in the structure, complexities or redundancies of
Loudeye's network infrastructure; failures in third party
telecommunication and network providers to provide required
transmission capacity; 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 forward-looking statements.
Web site: http://www.gizmondomusic.com
    Web site: http://www.loudeye.com

Contact:

media (U.S.), Karen DeMarco of mPRm Public Relations,
+1-323-933-3399, or kdemarco@mprm.com, or media (Europe), Chris Owen
of Trimedia Communications UK, +44-207-471-6851, or +44-7970-933-680,
or chris.owen@trimediauk.com, both for Loudeye Corp.; or investors,
Michael Dougherty of Loudeye Corp., +1-206-832-4000, or
ir@loudeye.com; or James Beavan of Indigo Pearl Global
Communications, +44-208-964-4545, or james@indigopearl.com, for
Gizmondo

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