Loudeye Launches Music Bundle Initiative With Planet Internet

Loudeye Launches Music Bundle Initiative With Planet Internet

LONDON, May 25 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, today announced the launch of a new digital music bundling initiative through a deal with a leading Dutch ISP, Planet Internet.

Under the service, Planet Internet offers its ADSL Comfort and ADSL Advanced customers free music for a year in the form of promotional credits. The package is offered to both new subscribers and existing customers and does not require an additional subscription fee.

Customers can spend the credits in Planet Internet's MusicStream service where they can stream or download individual tracks and whole albums.

Tako in't Veld, Broadband Content Manager for Planet Internet, said, "We are delighted to have secured this deal with Loudeye to offer our customers access to digital music as part of an all around subscription package. We aim to provide the highest value to our ADSL customers and bringing Loudeye on board firmly echoes this promise."

Ed Averdieck, managing director for Loudeye's European Operations, said, "This deal reflects another innovative way in which Loudeye opens the options to consumers who are looking for high quality digital downloadable music at an affordable cost."

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. The forward-looking statements in this release are based on current estimates and actual results may differ materially due to risks, including the possibility of higher than anticipated redemption rates for the promotional credits provided to the ISP's customers during the term of the agreement, 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.

Source: Loudeye Corp.

CONTACT: media, (U.S.), Karen DeMarco of mPRm Public Relations,
+1-323-933-3399, or kdemarco@mprm.com, for Loudeye Corp.; or (Europe),
Chris Owen of Trimedia Communications UK, +44-0-207-471-6851, or
+44-0-7970-933-680, or chris.owen@trimediauk.com, for Loudeye Corp.; or
investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000, or
ir@loudeye.com

Web site: http://www.loudeye.com/

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