Press Release
Loudeye Signs Agreement To Be Premier Provider of Music Samples For Yahoo! Shopping and LAUNCH, Your Yahoo! Music Experience
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TwitterLoudeye's music samples will be integrated into Yahoo!'s sites providing Yahoo! consumers with immediate access to an expanded catalog of more than 3 million song samples, which are continuously updated through Loudeye's relationships with all five major record labels and hundreds of independent labels.
Loudeye's music samples are 30-60 second audio streams that enable consumers to preview songs from the artists they have selected. By providing quality content in an easy to access format, the song samples enhance the music discovery experience and increase confidence in the purchasing process. Deploying music samples from Loudeye will increase the breadth of music available for preview in the music discovery process on LAUNCH, and enrich the Yahoo! Shopping experience.
"Our technologies are helping companies like Yahoo! leverage deeper databases of quality content that enrich the consumers' online shopping experience," said Joel McConaughy, general manager, Loudeye Digital Media Services. "The combination of our music database, integration expertise, and label licensing agreements provides a consistent, high quality rich media experience for visitors who access music samples on Yahoo!."
During 2001, Loudeye streamed a record approximately 620 million music samples for customers.
About Loudeye Technologies, Inc.
Loudeye is a leading provider of services and infrastructure for the delivery of digital media and streaming content. Loudeye offers music samples, online radio, streaming ad insertion, digital media services, metadata, digital rights management (DRM), digital fingerprinting, media restoration and Webcasting solutions for customers in the enterprise, retail, broadcast, cable and satellite industries. Loudeye has music licensing agreements with the world's five major record companies and hundreds of independent labels. Customers include Yahoo!, MSN, AOL, CDNOW and barnesandnoble.com.
Loudeye's Activate subsidiary offers live and on-demand enterprise Webcasting services for earnings calls, product launches, conference streaming, distance training and sales calls. Customers using Activate's Webcasting services include Compaq, Microsoft, Adobe, and SAFECO. Loudeye's VidiPax subsidiary provides video and audio restoration, preservation and migration services for customers including Coca Cola, the Metropolitan Opera, New York City Ballet, the University of North Carolina, and the Alan Lomax Archives.
To learn more, visit www.loudeye.com.
About Yahoo!
Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! reaches more than 237 million individuals worldwide each month, and is the No. 1 Internet brand globally. Headquartered in Sunnyvale, Calif., Yahoo!'s global network includes 25 World properties and is available in 13 languages.
Forward Looking Statements
This release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about Loudeye's relationship with Yahoo!, and the use, performance, and expected benefits associated with Loudeye Samples Service. 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 music that we serve, including song samples; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital music, including song samples; pricing pressures and other activities by competitors; the failure of our hosting infrastructure; the complexity of our services and delivery networks; any problems or failures in the structure, complexities or redundancies of our network infrastructure; failures in third party telecommunication and network providers to provide required transmission capacity; our capacity to scale and support third party technologies; lack of market acceptance for our 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 our most recent Form 10-K and other SEC filings, which are available through EDGAR at www.sec.gov. We assume no obligation to update any forward-looking statements.