Loudeye Powers Digital Music Store for Swiss Retailer Migros Electronics
Seattle and Cologne, Germany (ots/PRNewswire)
- Loudeye's OD2 Services Launch Customized Music Store in Three Languages
Loudeye Corp. (Nasdaq: LOUD), a worldwide leader in business-to-business digital media solutions, today announced its OD2 services have launched a customized digital music store for Migros Electronics in Switzerland. Migros Electronics is one of Switzerland's largest retailers offering a wide variety of products ranging from food and electronics to home furniture and cosmetics.
The new music site, which is live today at www.i-m.ch, provides access to hundreds of thousands of songs across a wide range of musical genres. Songs on the Migros Electronic site use the Windows Media Audio format, which is compatible with more than 70 portable music devices.
"As one of the largest retailers in Switzerland, Migros Electronics has strong branding and market visibility which may be enhanced through the launch of customized music services," said Anke Fleischer, managing director of Loudeye's OD2 services in Germany. "We completed the development phase of the Migros Electronics music store in approximately 2 months. This short development period demonstrates the flexibility and scalability of Loudeye's OD2 services."
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 press release contains forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and actual results may differ materially due to risks, including completion of country store launches and accompanying platform development; possibility of adverse changes in the markets for distribution of digital music that Loudeye and its OD2 services target; 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 forward-looking statements.
Web site: http://www.i-m.ch Web site: http://www.loudeye.com
Contact:
Media/Public Relations (Europe), Nicola Wesselburg, Faktor 3,
49(0)40-679446-36, or n.wesselburg@faktor3.de, or Media/Public
Relations (U.S), Karen DeMarco of mPRm, +1-323-933-3399, or
kdemarco@mprm.com, both for Loudeye Corp.; or Investor Relations,
Michael Dougherty of Loudeye Corp., +1-206-832-4000, or
ir@loudeye.com