Loudeye to Power Sweden's Largest Legal Music Download Service
Seattle (ots/PRNewswire)
- Homedownloads.se Launches in Sweden With Introductory Pricing of 5 Crowns per Track; Represents First Store in Sweden Powered by Loudeye's OD2 Services
Loudeye Corp. (Nasdaq: LOUD), a worldwide leader in business-to-business digital media solutions, today announced it was chosen by Home Entertainment AB, the Nordic region's largest mail-order/e-tailing business within movies, music and multimedia, to power a privately branded digital music download store located at www.homedownloads.se. The launch represents the expansion of Loudeye's services into Sweden -- the 18th country in which Loudeye provides music services.
Homedownloads.se, powered by Loudeye's OD2 services, is live today and features music from major and independent labels. With more than 300,000 tracks, Homedownloads.se is the largest legal download service in Sweden and will be offering downloads for the special introductory price of 5 Swedish crowns for a limited time.
"Loudeye's OD2 services were critical in ensuring the launch of our music store in time for the important holiday shopping season," says Niklas Orup, Home Entertainment AB. "By working with OD2, we were able to focus on integrating a music store into our business, and not have to worry about the intricacies of the deployment itself. Additionally, OD2 will maintain content updates on a regular basis and help grow the size of our catalog, which will add further value for music fans in Sweden."
Among the tracks available are pre-releases of Kylie Minogue's "I Believe in You," Erasure's "Breathe" and "Galvanise" from The Chemical Brothers.
"With the holiday shopping season right around the corner and portable music players expected to be one of the hottest gifts of the year, companies such as Home Entertainment are able to work with us to rapidly launch a store and begin to create early brand affinity with consumers in their region," said Charles Grimsdale, president and general manager of Loudeye's international business operations.
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.
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 adverse changes in the market for distribution of digital music that Loudeye's OD2 services target; 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.homedownloads.se /
/Web site: http://www.loudeye.com /
Contact:
media, U.S., Karen DeMarco, kdemarco@mprm.com, or Yasmeen Coning,
yconing@mprm.com, both of mPRm Public Relations, +1-323-933-3399, for
Loudeye Corp.; or media, Europe, Simon Hill of Trimedia
Communications +44(0)207-471-6826, or +44(0)7776-251192, or
simon.hill@trimediauk.com, for Loudeye Corp.; or investors, Michael
Dougherty of Loudeye Corp., +1-206-832-4000, or ir@loudeye.com