Loudeye to Support Intel Viiv Technology Platform Initiatives for Mobile, PC and Home Entertainment Experiences
30 November 2005 - 5:20PM
PR Newswire (US)
SEATTLE and LONDON, Nov. 30 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital
media solutions, today announced it will be working to connect
digital entertainment devices and related digital media services in
the home and on the go. Loudeye will be using the new Intel(R)
Viiv(TM) technology platform to deliver enhanced interoperability
with consumer electronics devices and third party applications and
services, such as Loudeye's privately branded digital music
services. Loudeye seeks to address the complex range of
technologies, formats and applications to make devices and services
better communicate with each other in next generation entertainment
experiences. For consumers, this will usher in a new era of
interoperability between a range of digital media devices and
components including the PC, mobile phone, set top box and powerful
new gaming machines. Loudeye's Managing Director for Europe, Ed
Averdieck, said: "Digital Home is the next frontier for premium
music services. We share a similar vision with Intel for the future
of the media industry and the possibilities of the digital
entertainment marketplace. We're seeing strong early signs of
consumer demand for such products -- a trend we believe will grow
significantly in coming years. By embracing these new technologies
we are demonstrating our commitment to working with industry
leaders worldwide to solve the challenges that may be facing the
larger adoption of these solutions across multiple consumption
channels." "Digital entertainment as we view it today is undergoing
a massive transformation and we are pleased to see companies like
Loudeye addressing this opportunity with their global network of
privately branded digital music stores," said Kevin Corbett, vice
president and general manager, Content Services Group, Intel
Digital Home Group. "On-demand, Internet-based content optimized
for enjoyment in the living room or on the go, combined with the
forthcoming Intel Viiv technology platform will help pave the way
for a dramatic change in the way entertainment is consumed
worldwide." 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
http://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
http://www.sec.gov/. These are among the primary risks we foresee
at the present time. Loudeye assumes no obligation to update the
forward-looking statements. DATASOURCE: Loudeye Corp. CONTACT:
Karen DeMarco of mPRm Public Relations, +1-323-933-3399, or , for
Loudeye Corp., or Chris Owen of Trimedia Communications UK, +44
(0)207 471 6851, or +44 (0)7787 122 800, or , both for Loudeye
Corp.; or Michael Dougherty, Investor relations of Loudeye Corp.,
+1-206-832-4000, Web site: http://www.loudeye.com/
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