Loudeye Provides Update on Auditor Opinion

Loudeye Provides Update on Auditor Opinion

SEATTLE, March 23 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, filed its annual report on Form 10-K with the U.S. Securities and Exchange Commission on March 15, 2006. Loudeye's consolidated financial statements for the year ended December 31, 2005, contained in the Form 10-K were audited by Moss Adams LLP, Loudeye's independent registered public accounting firm. The audit opinion of Moss Adams LLP relating to Loudeye's consolidated financial statements for the year ended December 31, 2005, contains a going concern qualification. This announcement is in compliance with Nasdaq Marketplace Rule 4350(b)(1)(B) requiring separate disclosure of the receipt of an audit opinion that contains a going concern qualification, and does not reflect any change in or amendment to Loudeye's audit consolidated financial statements for the year ended December 31, 2005.

About Loudeye Corp.

Loudeye is a worldwide leader in business-to-business digital media solutions. Loudeye combines innovative services with one of the world's largest music archives, 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.

Source: Loudeye Corp.

CONTACT: Media/Public Relations, Karen DeMarco of mPRm, +1-323-933-3399,
kdemarco@mprm.com; or Investor relations, Chris Pollak,
+1-206-832-4000, ir@loudeye.com, both for Loudeye Corp.

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

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