Loudeye Powers Digital Music Store for Major Consumer Electronics Retailer In Italy

Loudeye Powers Digital Music Store for Major Consumer Electronics Retailer In Italy

Media World Launches "Net Music" Store to Offer Compelling Digital Music Experience for its Consumers

SEATTLE, Aug. 23 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, today announced it was chosen to launch the "Net Music" store for Media World, Italy's premier consumer electronics and online retailer. Media World specializes in selling consumer electronics, household-electric, personal computer, photography and multi-media software through physical stores and online.

The "Net Music" digital music store is available today through Media World's Website located at www.mediaworld.it. Loudeye will update the site regularly with new releases, allowing consumers to access the most contemporary music available. The "Net Music" site was designed to provide simple navigation with mass market appeal and seamless integration into Media World's existing online shopping experience.

"Today's deal with Media World highlights a trend as more physical retailers embrace digital distribution strategies in their business," said Carlo Galassi, manager of Loudeye's services in Italy. "Media World's 'Net Music' store powered by Loudeye demonstrates how launching a privately branded digital music store can create new ways for companies to reach and build relationships with their consumers."

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. 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; lack of market acceptance for Loudeye's products and services; 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; 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. These are among the primary risks we foresee at the present time. Loudeye assumes no obligation to update the forward-looking statements.

Source: Loudeye Corp.

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

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

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