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Fam. Congrats for your entry. I'm only saying I'd like to be long if I had the funds because I think this company has extreme groth coming to it in the next few years.
I'd feel comfortable with doing that.
Not so sure you have to be long here to make money. I'm in at 1.81 like to be lower but I'm not complaining...
Fam. I watched the demo on that. Yep!
If I was able to go long again this would be the company I'd do it with. Only other long play I have is MSSN to NOV/DEC area.
PS. Meaning long plays I want to be in not have to be. LOL!
Sounds, and looks good to me.
They appear to be in web conferencing too. Could be an interesting future for them. http://www.loudeye.com
AZ. You got some share price rise today. I saw a TV show last night about Japan and it's cell phone use. If I remember correctly that's who LOUD had that ring tone contract with.
I expect next filing to begin to reflect that.
Huge cell phone usage over there.
Having a cell phone there is like a person owning a tv here.
It seems that LOUD is doing good business, and releasing good PR. It would be nice to see the s/p start rising a little.
It seems that LOUD is doing good business, and releasing food PR. It would be nice to see the s/p start rising a little.
Loudeye raises $12.2 mln from private stock sale (LOUD) By Tomi Kilgore
NEW YORK (CBS.MW) -- Loudeye (LOUD) said it raised $12.15 million through the private placement of common stock with certain institutional investors. Under terms of the sale, the digital media distributor agreed to sell 7.8 million shares at $1.55 each. The in purchases of the stock will also be granted warrants to buy a total of 979,839 shares at $2 a share. The stock closed Thursday unchanged at $1.86.
Loudeye Launches Sound Effects Catalog of Rich Media Ringtones
8/25/2003 7:05:00 AM
SEATTLE, Aug 25, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today announced a sound effects rich media ringtone catalog including over 50,000 sounds. Sound effects available for ringtones include everything from human and animal noises, military effects, cartoon sounds, and sirens, to old-fashioned telephone rings.
Content in the catalog was licensed to Loudeye from New York-based Valentino Production Music & Sound Effects Library (www.tvmusic.com), publisher of more than 70,000 sound effects for the TV and feature film industries.
This comprehensive licensing agreement enables Loudeye to encode and distribute sound effects and music through its wireless carrier customers in the form of rich media ringtones. Loudeye's license enables it to clear the rights for its partners and their customers and offer ringtones in major technology formats via subscription and ala carte models to wireless devices, including portable players, PDAs and mobile phones. In addition, Loudeye was granted a license to store and encode Valentino's entire catalog into Loudeye's world leading digital music archive. This makes Loudeye the "go-to" content provider for the Valentino Music & Sound Effects collection in pre-formatted tracks for all cell phones that accept the new CD quality, rich media ringtone technology.
"Our licensing agreement with Loudeye enables us to maximize the distribution channel for our rich media ringtone sound effects to wireless carriers," said Tom Valentino, president of Valentino Inc. "Loudeye's understanding of the wireless ringtone market and their ability to quickly and accurately turn around our customers' encoding, distribution and fulfillment needs in a variety of formats make them an ideal partner for Valentino."
"To address consumer demand, wireless carriers need to provide a deep and broad catalog of rich media ringtones that extends beyond conventional music," said Jeff Cavins, Loudeye's president and chief executive officer. "By offering a catalog of rich media ringtone sound effects, we enable Loudeye partners to address that consumer demand, and demonstrate the diverse appeal of ringtones."
Through licensing agreements with all five major labels and hundreds of independents, Loudeye operates the world's largest archive of digital music with more than 4 million full song tracks. Last month, Loudeye announced its entry in the mobile music market with four customers in the U.S., Europe and Japan. Loudeye's wireless distribution offerings are built on the Loudeye Media Framework, a comprehensive, scalable and cost effective platform to integrate customers' in-house solutions with Loudeye applications and services.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. For more information, visit www.loudeye.com.
About Valentino
Valentino Production Music & Sound Effects Library has provided music and sound effects audio clips in archival library format to the feature film, TV, Radio and related industries since 1932. It is the oldest and largest sound collections of this kind in the US. Having provided music and sound effects clips in this format for more than 70 years, the WALL STREET JOURNAL said "When you hear most any sound other than a human voice on television, radio, in the movies or theatre, there's a good chance that it was developed in the Valentino studios." For more information, visit www.tvmusic.com.
Forward Looking Statements
This release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about Loudeye's relationship with Valentino Production Music & Sound Effects Library and the use, performance, and expected benefits associated with Loudeye's digital media distribution infrastructure, including its rich media ringtones service. 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 music that we serve; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital music; pricing pressures and other activities by competitors; the failure of our hosting infrastructure; the complexity of our services and delivery networks; any problems or failures in the structure, complexities or redundancies of our network infrastructure; failures in third party telecommunication and network providers to provide required transmission capacity; our capacity to scale and support third party technologies; lack of market acceptance for our 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 our most recent Form 10-Q, Form 10-K and other SEC filings which are available through EDGAR at www.sec.gov. We assume no obligation to update the forward-looking statements.
SOURCE Loudeye Corp.
Media/Public Relations - Jeff Pecor of Barokas Public
Relations, +1-206-264-8220, jeff@barokas.com, for Loudeye Corp.; or Investor
relations - Michael Dougherty of Loudeye Corp., +1-206-832-4000,
ir@loudeye.com
http://www.loudeye.com
T.O.S of Japan Chooses Loudeye for Wireless Music Delivery
PR Newswire - August 20, 2003 07:05
Loudeye Providing Digital Distribution Services to T.O.S. Supporting
The Delivery of Rich Media Ringtones to Mobile Subscribers of KDDI, One
Of the Largest Wireless Carriers in Japan
SEATTLE, Aug. 20 /PRNewswire-FirstCall/ -- Loudeye Corp. (Nasdaq: LOUD), a leading provider of services for the management, promotion and distribution of digital media, today announced a wireless music digital distribution agreement with T.O.S Co., LTD. (www.tos.ne.jp), a leading ringtone provider in Japan. Under the agreement, Loudeye is providing music content, programming services, music samples, copyright license clearing and royalty reporting and settlement to T.O.S. for rich media ringtones to be marketed and sold to wireless subscribers of KDDI-AU, one of the largest wireless carriers in Japan. As of June 2003, KDDI-AU had 14.7 million wireless subscribers, including over 11.5 million EZweb wireless Internet subscribers and 8.6 million third generation mobile phone subscribers (www.kddi.com/english).
The Japanese Society for the Rights of Authors, Composers and Publishers reports an average of 110 million ringtones were downloaded each month in Japan throughout 2002. Global research and consulting company, Strategy Analytics, forecasts that the downloadable ringtone market, including rich media ringtones, will increase to $4 billion by 2008.
Loudeye is delivering the music in the proprietary EZ Movie format with all associated music data and music samples of the rich media ringtones for customers to preview on the T.O.S. WAP and PC Websites prior to purchase. As part of the deal, Loudeye has been chosen to maintain detailed tracking information and download data on the usage of the content and will manage royalty reporting and settlement on behalf of T.O.S. and KDDI-AU. Under the agreement, Loudeye is providing ongoing music programming, encoding, copyright license clearing and royalty reporting. Loudeye receives upfront and ongoing service fees, including a percentage of revenue from each purchased download.
In related news, on August 7, T.O.S. announced the launch of their rich media ringtones service called "Magic Sounds" for KDDI-AU mobile phone subscribers. Wireless customers of KDDI-AU's ringtone subscription service will gain instant access to rich media ringtones for purchase in 30-40 second song clips. Rich media ringtones differ notably from traditional mono and polyphonic ringtones in that the files are created from the actual song recording.
"Loudeye was instrumental in removing several major barriers and reducing time to market in launching our service," said Akira Tanii, president of T.O.S. "Through their archive and label relationships, Loudeye enabled us to offer an extensive catalog of music content from U.S. artists, meeting a growing demand for this content among our customers' wireless users. By working with Loudeye and gaining access to popular music from the U.S., we add significant value to our offering and help drive ringtone downloads for our customers."
Through its licensing agreements with all five major labels and hundreds of independents, Loudeye operates the world's largest archive of digital music with more than 4 million full song tracks. Last month, Loudeye announced its entry in the mobile music market with four customers, one of which is T.O.S. Loudeye's wireless distribution offerings are built on the Loudeye Media Framework, a comprehensive, scalable and cost effective platform to integrate customers' in-house solutions with Loudeye applications and services.
"Music ringtones make up a large portion of the mobile music market and wireless content providers, such as T.O.S., need full digital distribution systems to support their business," said Jeff Cavins, Loudeye's president and chief executive officer. "Our digital media management and distribution systems were built on a highly flexible and scalable platform capable of supporting emerging opportunities in the marketplace. Today's announcement with T.O.S. and the extension of our services into the mobile media space demonstrate the growing areas in the industry the Loudeye Media Framework can support."
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. 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, including statements about Loudeye's relationship with T.O.S Co., LTD and the use, performance, expected benefits and projected revenue associated with Loudeye's digital media services, including song samples, rich media ringtones and the Loudeye Media Framework; and statements made by Loudeye's president and CEO. 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 music that we serve; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital music; pricing pressures and other activities by competitors; the failure of our hosting infrastructure; the complexity of our services and delivery networks; any problems or failures in the structure, complexities or redundancies of our network infrastructure; failures in third party telecommunication and network providers to provide required transmission capacity; our capacity to scale and support third party technologies; lack of market acceptance for our 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 our most recent Form 10-Q, Form 10-K and other SEC filings which are available through EDGAR at www.sec.gov. We assume no obligation to update the forward-looking statements.
SOURCE Loudeye Corp.
/CONTACT: media, Jill Sandnes of Barokas Public Relations,
+1-206-264-8220, or jill@barokas.com, for Loudeye Corp.; or investors,
Michael Dougherty of Loudeye Corp., +1-206-832-4000, or ir@loudeye.com/
/Web site: http://www.tos.ne.jp /
/Web site: http://www.loudeye.com /
(LOUD)
Mike. Sorry. Even though I'm not in right now thought it would be a good way to keep track of the companies growth. Have all the PR's in one place.
thanks for telling me you started a LOUD board ex...lol
House of Blues(R) Chooses Loudeye as Exclusive Provider of Online Music Samples
8/4/2003 7:05:00 AM
SEATTLE, Aug 4, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today announced an exclusive music samples agreement with House of Blues Entertainment, Inc. (HOB.com), the home of live music. The Loudeye Sample Service is provided across all House of Blues online products on an ongoing basis.
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HOB.com will supplement event and artist information -- including: artist photos, bios, links to artist and label websites, and links to purchase CDs -- with Loudeye Sample Service's audio clips and CD cover art. House of Blues online customers can listen to audio clips from featured artists as well as artists appearing at HOB club and concert venues. Audio links will also be included in HOB emails announcing presales and special offers sent to its extensive database of members and music fans.
"Music samples serve several functions across our website and other electronic communications including: concert promotion, driving ticket sales and enhancing our visitor's experience," said Sarah Dekin, executive vice president of marketing for House of Blues. "It's a natural fit to offer music samples at the point of purchase. We were impressed by Loudeye's extensive, high quality archive, industry experience, customer service and understanding of how music samples impact our business."
"This is an important win as we solidify our leadership position in the online music samples market," said Jeff Cavins, Loudeye's president and chief executive officer. "We believe our value proposition backed by 5 years of experience in providing online samples, positions us to capture additional market share in this space. Additionally, we are developing further value added features on top of our samples platform that offer significant opportunities for existing and future customers to further leverage music samples across their business."
HOB Entertainment, Inc., the second largest concert promoter in North America attracting over 8 million music fans annually to its venues and amphitheaters, utilizes HOB.com as an essential vehicle for the promotion of upcoming events. The Loudeye Sample Service provides access to more than 4 million 30-second clips from more than 400,000 CDs and 230,000 cover art scans. Loudeye currently provides music samples for the vast majority of online retail, portal and music specialty sites and last year served nearly one billion music samples.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. For more information, visit www.loudeye.com.
About HOB Entertainment, Inc.
HOB Entertainment, Inc., a Los Angeles-based global entertainment company, is the definitive live music brand. Founded in 1992, this dynamic company with soul, spirit and vision is comprised of several unique businesses, including:
House of Blues Clubs, which operate 1,000 - 2,000 capacity venues located in Cambridge, New Orleans, Los Angeles, Chicago, Myrtle Beach, Orlando, Las Vegas and Anaheim.
House of Blues Concerts, Inc., which owns, operates or exclusively books arena and amphitheatre venues throughout North America, including: Los Angeles, San Diego, Denver, Dallas, Austin, Seattle (The Gorge), Atlanta, Cleveland, Toronto and Vancouver. House of Blues -- IT IS LIVE! (TM)
Forward Looking Statements
This release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about Loudeye's relationship with House of Blues and the use, performance, expected benefits and projected revenue associated with Loudeye's digital media services, including song samples. 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 music that we serve; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital music; pricing pressures and other activities by competitors; the failure of our hosting infrastructure; the complexity of our services and delivery networks; any problems or failures in the structure, complexities or redundancies of our network infrastructure; failures in third party telecommunication and network providers to provide required transmission capacity; our capacity to scale and support third party technologies; lack of market acceptance for our 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 our most recent Form 10-Q, Form 10-K and other SEC filings which are available through EDGAR at www.sec.gov. We assume no obligation to update the forward-looking statements.
SOURCE Loudeye Corp.
media, Jeff Pecor of Barokas Public Relations, +1-206-264-8220,
or jeff@barokas.com, for Loudeye Corp.; or investors, Michael Dougherty of
Loudeye Corp., +1-206-832-4000, or ir@loudeye.com
http://www.hob.com
Loudeye Announces Second Quarter 2003 Results
7/30/2003 4:05:00 PM
SEATTLE, Jul 30, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today announced financial results for the quarter ended June 30, 2003.
Second Quarter 2003 Financial Results
-- Net Loss. GAAP net loss of $2.1 million or $0.04 per share, and pro
forma net loss of $1.6 million or $0.03 per share, the company's best
performance as a public company.
-- Revenues. Revenues of $2.9 million. Deposits and deferred revenues
increased to $1.4 million, up 29% compared to the first quarter of 2003
and 349% over last six months.
-- Gross Margins. Gross margins as a percentage of revenue increased to
42%, up from 23% in the first quarter 2003 and negative (13)% in the
prior year quarter. Digital media services gross margins as a
percentage of digital media services revenue reached 50%. This is the
company's best performance as a public company.
-- Operating Expenses. Operating expenses of $3.4 million, a decrease of
37% compared to the first quarter of 2003 and 50% compared to the year
earlier quarter. This is the company's best performance as a public
company.
-- Cash and Investments. Cash, short-term investments and restricted cash
and investments increased to $10.4 million as of June 30, 2003, up from
$8.9 million as of March 31, 2003, reflecting improvements in cash
management, the benefits of reduced expenditures as well as funding
from the company's working capital facility.
Loudeye's second quarter 2003 revenues were $2.9 million, compared to $3.3 million reported in the first quarter 2003 and $3.2 million in the prior year quarter. This decrease primarily reflects weaknesses in the company's Media Restoration segment. Media Restoration revenues were $0.4 million, a decrease of 53% over the prior year quarter and 38% compared to the first quarter of 2003. Deposits and deferred revenues increased to $1.4 million at the end of the second quarter 2003, compared to $1.1 million at the end of the first quarter of 2003 and $0.3 million at the end of 2002.
The company's gross margins grew as a percentage of revenue to 42% in the second quarter 2003, compared to 23% in the first quarter 2003 and a negative (13)% in the prior year quarter. In addition, the company's core digital media services segment, comprising its music samples, digital fulfillment and webcasting services, recorded 50% gross margins as a percentage of revenue in the second quarter 2003, compared to 23% in the first quarter 2003 and a negative (36)% in the prior year quarter.
The company reported a net loss in accordance with generally accepted accounting principles (GAAP) of $2.1 million or $0.04 per share in the second quarter of 2003, compared to a GAAP net loss of $13.1 million or $0.28 per share in the first quarter 2003 and a GAAP net loss of $8.3 million or $0.21 per share in the year-earlier quarter. Excluding charges related to the amortization of intangibles, stock-based compensation and special charges, the net loss on a pro forma basis was $1.6 million or $0.03 per share in the second quarter 2003, compared to a net loss of $4.1 million or $0.09 per share in the first quarter 2003 and $6.3 million or $0.16 per share in the year- earlier quarter. A reconciliation of Loudeye's GAAP financial results with its pro forma financial results is set forth below in the attached tables.
The Company reported $10.4 million in cash, short-term investments and restricted cash and investments as of June 30, 2003. The $1.5 million increase in cash, short-term investments and restricted cash and investments since the first quarter compares to a $4.5 million decrease in the first quarter 2003. The second quarter 2003 change reflects improvements in cash management, the benefits of reduced expenditures as well as funding from the company's working capital facility.
"Our stated goals for the second quarter were to manage cash and focus on improving profitability. We made important strides in both areas, and our record gross margins and narrowing net losses were the result," said Jeff Cavins, Loudeye's president and chief executive officer. "Toward the end of the second quarter we refocused on sales execution, profitable opportunities and winning new clients. In addition, we are booking deals with increased deferred revenue components, which we expect will enable us to provide higher levels of recurring revenue and improved visibility."
"Our focus in the second half of 2003 is on sales execution, further improvements in our cost structure, and building on our progress to drive revenue, cash flow and profitability," Cavins concluded.
Second Quarter 2003 Webcast Information
Loudeye management will conduct an audio webcast to discuss these financial results. The public is invited to listen in on this webcast. Management will discuss financial and operating results in the quarter and end the call with a question and answer session. Management will also provide a slide presentation to accompany its statements, available in conjunction with the audio webcast. Information regarding the second quarter 2003 results webcast and slide presentation is as follows:
Date: Wednesday, July 30, 2003
Time: 5:00 p.m. EDT / 2:00 p.m. PDT
Audio Webcast: 5:00 p.m. EDT / 2:00 p.m. PDT; live and archived
for 30 days; Webcast from
http://events01.activate.net/loudeye/10062/
Slide Presentation: Participants accessing the audio webcast will be
able to view an accompanying management slide
presentation synchronized with the audio
webcast.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital media for the entertainment and corporate markets. For more information, visit www.loudeye.com.
Forward Looking Statements
This press release contains forward-looking information within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about sales execution, revenue, cash flow and profitability goals, deferred revenue increases, improvements in recurring revenue and visibility for investors, improvements in cost structure and other factors. Our forward-looking statements are based on currently available information, which management has assessed, but which is subject to rapid change due to risks and uncertainties that affect our business, including limited visibility of future demand for our products and services; current uncertainties in our marketplace which may impact expected demand, customer selection criteria and sales cycles; variability in the amount and timing of expenses and cash usage; negative macroeconomic conditions; increased competition; adverse developments in any material customer or copyright holder relationships; ability to acquire and maintain copyright licensing agreements; uncertainty involving intellectual property rights involved with the reproduction and online distribution of digital media; the loss of service of our hosting infrastructure, including the failure of third party service providers; our ability to retain key personnel; and other factors beyond our control. Our forward-looking statements should be considered in the context of these and other risk factors disclosed from time to time in the company's filings with the Securities and Exchange Commission, including our annual report on Form 10-K and quarterly filings on Form 10-Q (available through EDGAR at www.sec.gov). We assume no obligation to update our forward-looking statements.
LOUDEYE CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, March 31, June 30, June 30,
2003 2003 2002 2003 2002
REVENUES $2,903 $3,310 $3,217 $6,213 $6,477
COST OF REVENUES 1,678 2,541 3,632 4,219 6,877
Gross margin 1,225 769 (415) 1,994 (400)
Gross margin percent 42% 23% -13% 32% -6%
OPERATING EXPENSES
Research and development 392 577 974 969 2,264
Sales and marketing 835 1,547 2,245 2,381 4,461
General and
administrative 1,740 2,753 2,762 4,492 6,237
Amortization of
intangibles and other
assets 260 525 713 786 1,409
Stock-based compensation 195 42 102 238 (554)
3,422 5,444 6,796 8,866 13,817
Special charges -- 8,437 1,142 8,437 1,890
OPERATING LOSS (2,197) (13,112) (8,353) (15,309) (16,107)
OTHER INCOME (EXPENSE),
net 135 53 74 189 190
Net loss $(2,062) $(13,059) $(8,279) $(15,120) $(15,917)
Basic and diluted net
loss per share $(0.04) $(0.28) $(0.21) $(0.33) $(0.39)
Shares - basic and
diluted 45,931 46,487 40,229 46,215 40,330
NON-GAAP PRO FORMA
INFORMATION:
(See note below)
Net loss, as reported $(2,062) $(13,059) $(8,279) $(15,120) $(15,917)
Adjustments to reconcile
net loss to pro forma
net loss:
Amortization of
intangibles and other
assets 260 525 713 786 1,409
Stock-based compensation 195 42 102 238 (554)
Special charges -- 8,437 1,142 8,437 1,890
Pro forma net loss $(1,607) $(4,055) $(6,322) $(5,659) $(13,172)
Basic and diluted pro
forma net loss per share $(0.03) $(0.09) $(0.16) $(0.12) $(0.33)
Shares - basic and
diluted 45,931 46,487 40,229 46,215 40,330
NOTE: USE OF NON-GAAP PRO FORMA INFORMATION:
Pro forma results exclude charges associated with amortization of
intangible assets, stock-based compensation and special charges.
Pro forma amounts are not intended to replace amounts calculated in
accordance with generally accepted accounting principles. Rather, they
are a supplemental financial measurement used by management and industry
analysts to evaluate Loudeye's operations.
LOUDEYE CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands)
June 30, Dec. 31,
2003 2002
ASSETS
Current assets:
Cash and short-term investments $9,207 $11,867
Restricted cash 650 -
Accounts receivable, net 2,626 2,501
Prepaid expenses and other current assets 628 2,101
Total current assets 13,111 16,469
Restricted investments 556 1,500
Property and equipment, net 2,251 3,590
Goodwill -- 5,307
Intangible assets, net 344 1,758
Other assets, net 522 905
Total assets $16,784 $29,529
LIABILITIES
Current liabilities:
Accounts payable $1,619 $1,203
Line of credit 2,500 --
Accrued compensation and benefits 883 904
Other accrued expenses 1,183 1,424
Accrued special charges 1,545 2,903
Accrued acquisition consideration 1,059 1,059
Deposits and deferred revenues 964 305
Current portion of long-term debt
and capital leases 717 788
Total current liabilities 10,470 8,586
Deposits and deferred revenues 404 --
Long-term debt and capital leases, net of
current portion 338 591
Total liabilities 11,212 9,177
STOCKHOLDERS' EQUITY 5,572 20,352
Total liabilities and stockholders'
equity $16,784 $29,529
SOURCE Loudeye Corp.
Media/Public Relations: Andrew Cullen of Barokas Public
Relations, +1-206-264-8220, or andrew@barokas.com; or Investor Relations: Mike
Dougherty of Loudeye Corp., +1-206-832-4000, or ir@loudeye.com
http://www.loudeye.com
Loudeye Regains Compliance with Nasdaq Listing Requirements
7/22/2003 7:05:00 AM
SEATTLE, Jul 22, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today announced that it has regained compliance with the $1 per share minimum closing bid price requirement for listing its common stock on the Nasdaq SmallCap Market.
Loudeye received notification from the Nasdaq Stock Market stating that the Company has regained compliance with the bid price requirement and all other requirements necessary for continued listing on the Nasdaq SmallCap Market. As a result, the Company's common stock will continue to be listed on the Nasdaq SmallCap Market, so long as the company continues to satisfy the continued listing requirements.
The Company's previously announced appeal is no longer necessary, and the hearing file will be closed by Nasdaq.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital media for the entertainment and corporate markets. For more information, visit www.loudeye.com.
SOURCE Loudeye Corp.
media, Andrew Cullen of Barokas Public Relations,
+1-206-264-8220, or andrew@barokas.com, for Loudeye Corp.; or investors,
Michael Dougherty of Loudeye Corp., +1-206-832-4000, or ir@loudeye.com
http://www.loudeye.com
Loudeye has to like this..................
RIAA nearing 1,000 subpoenas against file-sharing suspects
WASHINGTON (AP) - The music industry has won at least 871 federal subpoenas against computer users suspected of illegally sharing music files on the Internet, with roughly 75 new subpoenas being approved each day, U.S. court officials said Friday.
The effort represents early steps in the music industry's contentious plan to file civil lawsuits aimed at crippling online piracy.
Subpoenas reviewed by The Associated Press show the industry compelling some of the largest Internet providers, such as Verizon Communications Inc. and Comcast Cable Communications Inc., and some universities to identify names and mailing addresses for users on their networks known online by nicknames such as ``fox3j,'' ``soccerdog33,'' ``clover77'' or ``indepunk74.''
The Recording Industry Association of America has said it expects to file at least several hundred lawsuits seeking financial damages within the next eight weeks. U.S. copyright laws allow for damages of $750 to $150,000 for each song offered illegally on a person's computer, but the RIAA has said it would be open to settlement proposals from defendants.
The campaign comes just weeks after U.S. appeals court rulings requiring Internet providers to readily identify subscribers suspected of illegally sharing music and movie files. The 1998 Digital Millennium Copyright Act permits music companies to force Internet providers to turn over the names of suspected music pirates upon subpoena from any U.S. District Court clerk's office, without a judge's signature required.
In some cases, subpoenas cite as few as five songs as ``representative recordings'' of music files available for downloading from these users. The trade group for the largest music labels, the Washington-based RIAA, previously indicated its lawyers would target Internet users who offer substantial collections of MP3 song files but declined to say how many songs might qualify for a lawsuit.
``We would have to look at historic trends, but that is a very high number,'' said Alan Davidson of the Center for Democracy and Technology, a civil liberties group that has argued against the subpoenas. ``It doesn't sound like they're just going after a few big fish.''
Music fans are fighting back with technology, using new software designed specifically to stymie monitoring of their online activities by the major record labels.
A new version of ``Kazaa Lite,'' free software that provides access to the service operated by Sharman Networks Ltd., can prevent anyone from listing all music files on an individual's machine and purports to block scans from Internet addresses believed to be associated with the RIAA.
Many of the subpoenas reviewed by the AP identified songs from the same few artists, including Avril Lavigne, Snoop Dogg and Michael Jackson. It was impossible to determine whether industry lawyers were searching the Internet specifically for songs by these artists or whether they were commonly popular among the roughly 60 million users of file-sharing services.
The RIAA's subpoenas are so prolific that the U.S. District Court in Washington, already suffering staff shortages, has been forced to reassign employees from elsewhere in the clerk's office to help process paperwork, said Angela Caesar-Mobley, the clerk's operations manager.
The RIAA declined to comment on the numbers of subpoenas it issued.
``We are identifying substantial infringers and we're going to whatever entity is providing (Internet) service for that potential infringer,'' said Matt Oppenheim, the group's senior vice president of business and legal affairs. ``From there we'll be in a position to begin bringing lawsuits.''
A spokeswoman for the Administrative Office of the U.S. Courts said the clerk's office here was ``functioning more like a clearing house, issuing subpoenas for all over the country.'' Any civil lawsuits would likely be transferred to a different jurisdiction, spokeswoman Karen Redmond said.
Verizon, which has fought the RIAA over the subpoenas with continued legal appeals, said it received at least 150 subpoenas during the last two weeks. There were no subpoenas on file sent to AOL Time Warner Inc., the nation's largest Internet provider and also parent company of Warner Music Group. Earthlink Inc., another of the largest Internet providers, said it has received only three new subpoenas.
Depaul University in Chicago was among the few colleges that received such subpoenas; the RIAA asked Depaul on July 2 to track down a user known as ``anon39023'' who was allegedly offering at least eight songs.
There was some evidence the threat of an expensive lawsuit was discouraging online music sharing. Nielsen NetRatings, which monitors Internet usage, earlier this week reported a decline for traffic on the Kazaa network of one million users, with similarly large drops across other services.
------
http://www.siliconvalley.com/mld/siliconvalley/6335275.htm
Well, here I thought I would buy some LOUD to make some quick profit to buy more NVEI and I got bit. Just my luck.
I am glad you took the cure. I bought EDIG at .30. Watched it go to $24 and never sold a share. It just rallied to .40.
This market is a little scary.
Best,
DH
Loudeye Introduces the Loudeye Media Framework(TM)
7/16/2003 7:05:00 AM
SEATTLE, Jul 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today introduced the Loudeye Media Framework(TM), its next generation of services and solutions for companies to rapidly develop online music and video businesses with minimal time, resources and up front cash investment. Built upon Loudeye's 5+ years of digital media experience and $60 million infrastructure and technology investment, the framework offers a comprehensive, scalable and cost effective platform to integrate customers' in-house solutions with Loudeye applications and services. The Loudeye Media Framework is the single source for developing and integrating digital music purchases, music subscriptions, customized audio and video players, music and video channels, and music samples including meta data and cover art. Utilizing Microsoft Windows Media 9 Series and Digital Rights Management technology, the Loudeye Media Framework is able to deliver the highest-quality audio and video for its customers.
Customers using components of the Loudeye Media Framework include Amazon, AOL, Apple iTunes, Barnes and Noble, BMG, Borders, Buena Vista, Buy.com, Coca Cola, Columbia House, DMI, EMI, MSN and Windows Media, MUSICMATCH, MusicNet, PressPlay, Yahoo! and several domestic and international wireless content providers.
"This is a pivotal point in the development of the online music market," said Susan Kevorkian, senior analyst with IDC. "Building viable businesses will require music service providers to actively manage costs, reduce time to market, and offer compelling selections of music to attract and retain paying online music consumers. Partnerships with infrastructure providers like Loudeye can help music service providers to efficiently meet those demands."
Loudeye's Media Framework is a fully integrated solution based upon a modular architecture to address the full range of challenges customers have in managing and distributing digital media. Specifically, Loudeye's Media Framework enables customers to expand and exploit digital audio and video channels, leverage differentiated services and existing investments, eliminate the need to manage a myriad of label and studio relationships, reduce time to market and generate a higher ROI on their digital media initiatives.
"Loudeye's Media Framework provides a complete outsourced media framework for music retailers allowing them to focus on the marketing and promotion of their media assets," said Dave Fester, general manager, Windows Digital Media Division, Microsoft Corp. "Loudeye's choice of Windows Media 9 Series enables cost-effective delivery of high-quality audio and video for its customers and proven DRM to support a wide range of business models."
Loudeye's Media Framework provides the following features:
-- Purchase or subscription based digital music downloads
-- Branded players to provide both live and on-demand audio and video
content to end users
-- Digital rights management using Windows Media DRM
-- Usage reporting and analytics
-- Digital music license clearance and royalties
-- Streaming music samples and cover art
-- Music meta data
-- A la carte or subscription based ringtone downloads
A major new component to the framework is Loudeye's analytics and reporting capabilities that enable customers to garner valuable user behavior and usage information that has previously been unable to track. For example, these capabilities allow online retailers to determine whether a customer who listened to a song sample, purchased the CD being previewed. Additionally, Loudeye is offering full reporting compliance through rights clearance and royalty calculation for customers.
"These products and services are built on a common media framework offering compatibility and integration across all our offerings," said Mike Harburg, Loudeye's chief technology officer. "This framework enables customers to quickly and cost effectively add media driven marketing or digital distribution to their existing businesses while preserving and enhancing their brand and customer relationships. By outsourcing critical digital media projects, customers can free resources for focusing on components core to their individual businesses."
Loudeye's Media Framework includes professional volume matching services from Octiv, Inc., the audio processing innovator. Because music files are originally produced at varying recording levels, "Octivation" enables Loudeye customers to seamlessly combine their music selections and offer professionally mastered play lists with automatically matched volume levels, an important aspect to any broadcast or media distribution business that mixes various artists or audio content.
"Volume matching is a valuable function for online media business and a critical capability for Loudeye to offer customers through its Media Framework," said Jack Peterson, vice president of product management at Octiv. "An Octivated music library delivers a consistent song-to-song listening experience whether creating a compilation CD, building a radio programming format or downloading digital music."
Customized Solutions
The framework is comprised of three layers to provide a complete media management and distribution solution or individual components as needed by customers. The top layer is Loudeye's turn key solution, a one-of-kind outsourced offering that provides all of the functions required to create, manage and launch a digital music or video business.
Loudeye Media Toolkit
The framework's middle layer is provided to the customer through the Loudeye Media Toolkit, which includes local and remote APIs and tools for media application integration and development including interfaces for media management, meta data, samples and digital downloads. The Loudeye Media Toolkit is designed to allow quick and easy interfacing with existing technical and product platforms through industry standard interfaces. This integration allows customers to launch new services and applications in a matter of weeks.
Loudeye Services
The framework is based on the core services that Loudeye has been providing to the digital media marketplace for years, including streaming, downloading, audit tracking and reporting, music samples, metadata, full song downloads, rights management, movie trailers and store and forward offerings.
"We've spent five years and invested $60 million in infrastructure and systems to create the most advanced and reliable digital media offerings in the industry," said Jeff Cavins, Loudeye's president and chief executive officer. "The framework introduced today was designed directly from customer feedback on the major challenges facing their digital music and video businesses."
Pricing and Availability
All of Loudeye's new products and services under the Loudeye Media Framework are available immediately. Pricing is determined by individual customer feature sets and deployments.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital media for the entertainment and corporate markets. 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, including statements about the growth of Loudeye's business including, the timing of full deployment of the Loudeye Media Framework; anticipated adoption and implementation of the Loudeye Media Framework and its associated applications and services; expected benefits of the Loudeye Media Framework, including return on investment, ability to integrate with customers' in-house solutions, increased time to market, driving of retail sales, and decreased customer acquisition costs; and the statements made by Loudeye's president and CEO, Loudeye's CTO and statements made by third parties. These statements are based on Loudeye's opinion of current trends and actual results may differ materially due to risks, including adverse changes or a slow down in the adoption of digital media and outsourced services in the markets Loudeye serves; the loss of any key customers; the failure to continue to maintain or develop new copyright licenses to deliver current and future services; the failure or loss of service of Loudeye's technological infrastructure; the complexity of Loudeye's services and delivery networks; 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.
Andrew Cullen of Barokas Public Relations, +1-206-264-8220, or
andrew@barokas.com, for Loudeye Corp.; or investors, Michael Dougherty of
Loudeye Corp., +1-206-832-4000, or ir@loudeye.com
http://www.loudeye.com
DH. Unbelievable! When do I get to in on a dip? LOL!
I sold all of mine. I'm in rehab from being married to stocks so I took my profits.
It just keeps going up. Congrats to you!
Institutions must be getting in.
LOUD sliding across the ticker at $3.57. Gotta love it!
Loudeye Corp. Announces Annual Stockholder's Meeting Agenda for July 16, 2003
7/15/2003 7:05:00 AM
SEATTLE, Jul 15, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today announced the agenda for its 2003 Annual Stockholder's Meeting on Wednesday, July 16, 2003, at 10:00 a.m. PDT/1:00 p.m. EDT at the Edgewater Hotel in Seattle, Washington.
The agenda for the meeting is as follows:
-- Formal business including voting on company proposals
-- Presentation by Anthony Bay, Loudeye's chairman of the board, and Jeff
Cavins, Loudeye's president and chief executive officer, discussing the
Company's strategic business plan, including an overview of current
initiatives and traction in the digital music sector, a live
demonstration of Loudeye's solution and an update on 2003 operating
performance
-- Live question and answer session
A live Webcast will be available at http://events01.activate.net/loudeye/10030/ for those unable to attend the meeting.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. For more information, visit www.loudeye.com.
SOURCE Loudeye Corp.
media, Andrew Cullen of Barokas Public Relations,
+1-206-264-8220, or andrew@barokas.com, for Loudeye Corp.; or investors,
Michael Dougherty of Loudeye Corp., +1-206-832-4000, or ir@loudeye.com
http://www.loudeye.com
LOUD with 4.3 million shares traded after first half hour of trading and up .21 this morning. Got to love it!
Good earnings expected next week.
Hi DH. I got this pick from Patsy I believe. Did some DD and feel this is a hot company. Have fun. Money time!
Congrads, I sniffed Loud when it was much cheaper. I boyght ont so I can't complain.
Best,
DH
Loudeye Announces Strategy to Expand Into Wireless Digital Music Distribution Market in North America, Europe and Japan
7/10/2003 7:05:00 AM
SEATTLE, Jul 10, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today announced its strategic expansion into the wireless digital music distribution market in North America, Europe and Japan, with the signing of service contracts with four leading providers of wireless content to subscribers of several major wireless carriers. Loudeye's wireless offerings include digital distribution services for rich media ring tones and enhanced wireless media delivery services for mobile phones and devices. Leading research firm IDC projects the U.S. ringtone market alone will grow to more than $1 billion by 2007.
By working with Loudeye, wireless carriers and entertainment companies can offer their mobile users the ability to purchase licensed rich media ringtones of music tracks, preview digital music samples and view information related to the music. Loudeye's rich media ringtones provide wireless consumers with a 3-30 second clip of the actual song recording compared to traditional mono or polyphonic ringtone offerings.
Loudeye recently signed contracts with a leading U.S.-based provider of wireless content as well as a leading Japanese provider of wireless content, each of whom will offer consumers rich media ring tones for mobile phones from a large library of content provided by Loudeye. Loudeye provides these customers content delivery and rights clearing services. Loudeye receives a wholesale fee for each rich media ringtone purchased and downloaded by a wireless subscriber and pays royalties to the appropriate music label. The ring tones are delivered through Loudeye's proprietary digital music archive, digital distribution systems and broad relationships with music labels. Loudeye initially will be providing content from The Orchard, the largest distributor of non-major label music in the world, whose catalog consists of content from over 5,000 independent labels and thousands of artists from 30 countries.
Loudeye is also providing enhanced wireless media delivery services including music data and identification services. Loudeye recently signed contracts with two customers for these services, for which Loudeye is paid a service fee for access to its metadata database, including metadata for over 4 million tracks and weekly new releases.
"The growing popularity of wireless music in the U.S., Europe and Asia provides a significant opportunity for artists to connect with their fans in new ways," said Steve Haase, senior vice president of business development of The Orchard. "Through their licensed music archive and distribution systems, Loudeye enables The Orchard to make available over 120,000 rich media ringtones to this growing marketplace. We look forward to providing our artists a new channel to sell their music to a global wireless audience."
"Our digital media management and distribution systems were built on a highly flexible and scalable platform capable of supporting emerging opportunities in the marketplace," said Jeff Cavins, Loudeye's president and chief executive officer. "Wireless media delivery is reaching an important inflection point in its adoption, particularly overseas where it's seeing tremendous growth. The extension of our services into the mobile media space demonstrates our strategy to provide turn-key digital media distribution services to support all means by which digital music can be purchased and enjoyed by consumers."
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. 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, including statements about the growth of Loudeye's business within wireless digital music distribution, including the anticipated adoption of rich media ringtones and enhanced wireless media delivery services; expected benefits of Loudeye's digital music distribution services, including ringtone market growth in the US, Europe and Japan; expected consumer adoption; timing of full customer deployment of ringtones; statements about Loudeye's ongoing relationship with The Orchard; and the statements made by Loudeye's president and CEO. These statements are based on Loudeye's opinion of current trends and actual results may differ materially due to risks, including adverse changes or a slow down in the adoption of digital media and outsourced services in the markets Loudeye serves; the loss of any key customers; the failure to continue to maintain or develop new copyright licenses to deliver current and future services; the failure or loss of service of Loudeye's technological infrastructure; the complexity of Loudeye's services and delivery networks; 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.
investors, Michael Dougherty of Loudeye, +1-206-832-4000, or
ir@loudeye.com; or media, Andrew Cullen of Barokas Public Relations,
+1-206-264-8220, or andrew@barokas.com, for Loudeye
http://www.loudeye.com
Loudeye Announces QuickClips(TM) with Real-Time Analytics
7/9/2003 7:05:00 AM
SEATTLE, Jul 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , a leading provider of services for the management, promotion and distribution of digital media, today introduced the Enhanced Music Samples Service, featuring the proprietary QuickClips(TM) application, which enables online retailers and portals to offer consumers a feature rich, branded media player interface for previewing and purchasing music. QuickClips includes a sophisticated real-time analytics suite, which provides critical information to help Loudeye's customers sell more effectively to consumers.
Loudeye has been the leading provider of music samples on the Internet since 1996, serving billions of samples to users since inception, and over 370 million samples in 2003 alone. Today's announcement represents the first major technological advancement in music samples since they were first introduced in the mid 1990's. It enables Loudeye's customers to directly monetize each sample served in ways previously unavailable.
The QuickClips player bridges the gap between music discovery and music purchase. By tapping the dormant power of music samples, QuickClips elicits the emotional response to close a sale, lowers customer acquisition costs and increases the average transaction value. This proprietary digital media solution enables:
-- Full brand control;
-- One click integration directly from QuickClips player to shopping cart;
-- Robust, real-time analytics; and
-- High quality, no buffering, "instant-on" user experience.
The QuickClips player beta is currently being provided to several Loudeye music samples customers for final testing. Loudeye anticipates full deployment to its samples customers by the end of the third quarter 2003. Loudeye currently provides music samples to many major online retailers and portals including Amazon, Yahoo!, MSN and WindowsMedia.com, AOL, Barnes & Noble, Borders, CDNow and Buy.com.
"Loudeye's QuickClips enhances the user experience for the purchase of music online, and its viral effects can help drive down customer acquisition costs in the online retail marketplace," said Paul Ritter, program manager for Internet Business Strategies at the Yankee Group. "Through its reporting and analytics capabilities, QuickClips provides tangible value and measurable results to online retailers, enabling them to realize ROI from music samples."
"Loudeye was the first company to provide music samples at scale on the Internet and now is the first to advance this offering to a new level of innovation for our customers," said Jeff Cavins, Loudeye's president and chief executive officer. "Loudeye samples have launched billions of digital music players. Through QuickClips, our customers can now monetize this massive deployment of digital music, while maintaining brand control throughout the entire music discovery and purchase cycle. We believe this innovation will be a catalyst to drive retail sales in an emerging music channel, while focusing and pin-pointing how to best sell to the consumer."
QuickClips and the Enhanced Music Samples Service
The Enhanced Music Samples Service enables online retailers, portals, media companies and other businesses to control the entire purchasing experience and drive the sale of music. In the past, it has been difficult to tap the effectiveness of audio samples, because the listening process involves several steps -- finding the sample link, choosing the player, choosing a bit rate, waiting for the player to load, waiting for the sample to buffer before finally hearing the audio. During this experience consumers can easily become impatient or distracted by the non-retailer promotions on third party media players, offering opportunity for an improved music samples service focused on engaging the shopper and driving the sale of music. By using the Enhanced Music Samples Service and customer-branded QuickClips player, Loudeye customers can now provide a consistent, branded interface during music discovery, listening and purchase, which integrates directly with their current commerce site.
The feature rich service includes the customized QuickClips media player, branded audio call-to-action statements, smart sample selections, instant-on audio samples, viral marketing features, and easy integration with the customer's proprietary sales features such as recommendations, shopping carts and consumer reviews. The QuickClips player is fully instrumented for extensive data collection to support the detailed usage reporting and real-time analytics features required to measure and refine the effectiveness of the purchase path. Through the Enhanced Music Samples Service, Loudeye also provides access to new releases weeks prior to official street release, to increase the effectiveness of pre-order promotions and sales.
Full Branding Control
The service allows customers to retain control of the shopping experience, by providing custom branded promotional inserts, call-to-action audio messages and a branded user interface for discovery, listening and purchasing, designed specifically to increase browse-to-buy conversions. The viral marketing feature extends the branded interface and helps lower customer acquisition costs.
Real-Time Analytics
According to a 2002 study by Arbitron Inc. and Edison Media Research, people who have watched or listened to streaming media online bought one and a half times more compact discs in the past year than the average American. Loudeye's Enhanced Music Samples Service provides a suite of real-time analytics and reporting to provide mission critical information regarding audio sample usages patterns and how usage correlates to sales. Now online retailers can see a direct correlation between music samples and online music sales.
State-of-the-Art Digital Media Technology
The service includes the latest in digital media technology, with high quality streaming audio samples, "instant-on" user experience and support for the major browser applications along with the two leading digital media formats. The QuickClips player also includes "smart" technology that selects the best bit rate for each user and auto-plays the most popular clips, with history paging for easy navigation.
"This product was clearly conceived and designed with music retailers and portals' needs in mind," said Mike Harburg, Loudeye's chief technology officer. "Putting song samples front and center in the music purchasing experience is a powerful way to drive the sale of music. Through player branding, instant-on audio and one click purchase capabilities, we believe QuickClips will captivate the music consumer while contributing to increased music sales. Our beta customers have shown enormous interest in the advanced features provided in this service."
Pricing and Availability
Loudeye Enhanced Music Samples Service is available immediately. Contact sales@loudeye.com to view a demo and for pricing information.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. 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, including statements about the growth of Loudeye's business including, the anticipated adoption of QuickClips and Enhanced Music Samples Services; expected benefits of Loudeye's QuickClips application and Enhanced Music Samples, including return on investment, driving retail sales, and decreased customer acquisition costs; timing of full deployment of QuickClips and the statements made by Loudeye's president and CEO, Loudeye's CTO and statements made by a third party analyst in this release. These statements are based on Loudeye's opinion of current trends and actual results may differ materially due to risks, including adverse changes or a slow down in the adoption of digital media and outsourced services in the markets Loudeye serves; the loss of any key customers; the failure to continue to maintain or develop new copyright licenses to deliver current and future services; the failure or loss of service of Loudeye's technological infrastructure; the complexity of Loudeye's services and delivery networks; 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.
media, Andrew Cullen of Barokas Public Relations,
+1-206-264-8220, or andrew@barokas.com, for Loudeye; or investors,
Michael Dougherty of Loudeye, +1-206-832-4000, or ir@loudeye.com
http://www.loudeye.com
This article last month really helps to explain the renewed interest and the timing of this companies emergence into this area as a major player.
Investor's Renewed Interest in Digital Media Boon for Seattle Company
By Brier Dudley, The Seattle Times
Jun. 4--Investors directed their apparently renewed interest in digital media toward Seattle's Loudeye yesterday, pushing the company's stock up 140 percent.
The stock rose from 53 cents to close at $1.27 on the Nasdaq Small Cap Market, then climbed to $1.52 a share in after-hours trading.
Loudeye encodes and distributes digital music and videos for record labels and retailers. It also provides Webcasting services to corporate customers.
The company was a stock-market darling when it went public in early 2000 and investors were excited about the promise of its large distribution system.
But Loudeye's stock has since dwindled as the company lost millions waiting for digital-media distribution to become widespread.
Now the shift to digital is gaining momentum, helped in part by the music industry's desperation and the success of Apple Computer's new online music service, Loudeye Chief Executive Jeff Cavins said.
"The pressure is on and Apple has helped, I think, educate the industry that it's not that scary, there are people out there that will buy content if you make it easy and fast -- it has to be easier and better than it is to steal it," he said.
Investors also may be piqued by a series of deals announced by Loudeye in recent weeks, including one with New York music catalog The Orchard that was announced yesterday.
Earlier, it announced deals with the EMI record label, Amazon.com and AOL.
Yesterday's showing was reminiscent of Loudeye's initial public offering in March 2000 when the stock jumped 150 percent. But back then the gain was from $16 to $40.
-----
To see more of The Seattle Times, or to subscribe to the newspaper, go to http://www.seattletimes.com.
(c) 2003, The Seattle Times. Distributed by Knight Ridder/Tribune Business News. LOUD, AAPL, EMI, AMZN, AOL,
Loudeye Achieves Record First Half Operating Metrics and Expects Improved Second Quarter 2003 Financial Results
Anticipates its Best Quarterly Performance in Net Loss and Net Loss Per Share as a Public Company
Seattle — July 7, 2003 — Loudeye Corp. LOUD, a leading provider of services for the management, promotion and distribution of digital media, today announced record first half operating metrics serving more than 370 million digital music samples and 6.5 million encoded files to its customers. Additionally, the Company announced it expects second quarter 2003 financial results to include improved net loss and net loss per share results.
Operating metric highlights include:
- During the first half of this year, Loudeye has seen an increase in streaming music sample usage year-over-year, with more than 370 million music samples served by Loudeye through its customers' Websites, including Amazon, Yahoo!, MSN and WindowsMedia.com, Barnes & Noble and America Online. This period is generally seasonally slower for online music sales and music samples usage, compared to the end-of-year holiday season.
- Loudeye delivered 6.5 million encoded files to customers in the first
half of 2003, which represents 55% more files delivered than all of
2002 combined. This performance was enabled by Loudeye's highly
scalable and proprietary music archive and distribution systems.
- Loudeye's digital music archive, the world's largest legitimate
archive of uncompressed digital master music files, has reached nearly
4 million full songs representing a "one-stop" repository for digital
content from all five major music companies and several hundred
independent labels. In addition, the company provides a hosted
samples library of more than 13 million music samples (including
multiple formats and bit rates) for distribution through major online
retail and portal websites.
As a result of this record operating performance in combination with a focused strategic plan, for the second quarter 2003 Loudeye anticipates that it will report its best quarterly financial performance as a public company in terms of net loss and net loss per share. This anticipated performance primarily reflects improvement in gross margins and reductions in operating expenses and special charges. In addition, the company expects to report that its total cash, short-term and restricted investments at the end of the second quarter 2003 increased from the end of the first quarter 2003, due primarily to its focused cost savings initiatives, improvements in gross margins, working capital financing and cash management programs. Loudeye expects to provide additional information about its second quarter results next week before its annual shareholder's meeting scheduled for July 16, 2003.
The financial and operating results reflect the increasing demand for outsourced digital media services and the growing use of digital media among online retailers, music subscription and download services, record labels, portals, wireless carriers and other companies building a business or brand around digital music or film.
"We are focused intently on execution and are pleased to see the results in our operating metrics and improved financial performance in the second quarter," said Jeff Cavins, Loudeye's president and chief executive officer. "Several factors are driving this growth including the expansion of the digital music channel and the increased activity by our customers in digital media deployments. When customers outsource to Loudeye's highly scalable 'private-label' platform, we can help drive faster deployments at a lower cost, resulting in increased online sales, lower customer acquisition costs and higher return on investment."
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. 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, including statements about the growth of Loudeye's business including operating metrics for 2003; statements related to preliminary anticipated second quarter 2003 financial results, including estimated net loss, net loss per share, and anticipated total cash, short-term and restricted investments; statements regarding growth and usage trends for digital media and demand for outsourced services; and the statements made by Loudeye's president and CEO in this release. The company believes the preliminary financial information related to the second quarter of 2003 to be materially accurate although that information is subject to adjustment based upon final internal reviews and review procedures to be performed by Loudeye's independent accountants. These statements are based on Loudeye's opinion of current trends and actual results may differ materially due to risks, including adverse changes or a slow down in the adoption of digital media and outsourced services in the markets Loudeye serves; the loss of any key customers; the failure to continue to maintain or develop new copyright licenses to deliver current and future services; the failure or loss of service of Loudeye's technological infrastructure; the complexity of Loudeye's services and delivery networks; 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. .
Contacts
Media/Public Relations: Andrew Cullen, Barokas Public Relations, 206.264.8220, andrew@barokas.com
Investor relations: Michael Dougherty, 206.832.4000, ir@loudeye.com
This situation looks like it's no longer a problem.
In fact with this earnings numbers coming up imo this will be a distant memory...............
Loudeye Appeals Nasdaq Determination and Requests Hearing
Company will Present Plan for Achieving Listing Compliance
Seattle, WA — July 3, 2003 — Loudeye Corp. (Nasdaq: LOUD), a leading provider of services for the management, promotion and distribution of digital media, today announced that it has requested a hearing to appeal a Nasdaq Staff Determination that the Company no longer complies with the $1.00 minimum bid price requirement for continued listing, and that the Company's common stock is, therefore, subject to delisting from the Nasdaq SmallCap Market, pursuant to Nasdaq Marketplace Rule 4310(c)(4).
The Company received a letter from Nasdaq dated June 27, 2003 indicating that the Company's common stock would be delisted pursuant to Nasdaq Marketplace Rule 4310(c)(4) unless the Company requested a hearing by July 7, 2003. Today, Loudeye formally requested an oral hearing before a Nasdaq Listing Qualifications Panel to review the Staff's determination. The request automatically stays the delisting of Loudeye's common stock pursuant to Nasdaq Marketplace Rule 4800 Series. Until the Panel's ultimate determination, Loudeye's common stock will not be delisted and will continue to be traded on the Nasdaq SmallCap Market under its current ticker symbol LOUD. Hearings with the Panel typically occur within thirty to forty-five days of a company's request.
If, during the appeal process, Loudeye’s common stock complies in full with the minimum bid price requirement, and continues to meet all other listing requirements, Loudeye could regain full compliance to remain listed on the Nasdaq SmallCap Market without requiring further actions or proceedings with the appeal hearing.
The Company intends to present a comprehensive plan to the Nasdaq Listing Qualifications Panel for achieving compliance with the Nasdaq Marketplace Rules, but there can be no assurance that the Panel will grant the Company's request for continued listing.
If the appeal is denied, the Company's common stock will be delisted from the Nasdaq SmallCap Market. In such event, the Company's common stock will trade on the OTC Bulletin Board's electronic quotation system, or another quotation system or exchange on which the shares of the Company may qualify. There can be no assurance that the Company’s application to trade its shares in such a manner will be accepted.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. 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, including statements about the Company’s ability to satisfy Nasdaq’s listing requirements. 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 music that we serve; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital music; pricing pressures and other activities by competitors; the failure of our hosting infrastructure; the complexity of our services and delivery networks; any problems or failures in the structure, complexities or redundancies of our network infrastructure; failures in third party telecommunication and network providers to provide required transmission capacity; our capacity to scale and support third party technologies; lack of market acceptance for our 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 our most recent Form 10-Q, Form 10-K and other SEC filings which are available through EDGAR at www.sec.gov. We assume no obligation to update the forward-looking statements.
Contacts
Media/Public Relations: Andrew Cullen, Barokas Public Relations, 206.264.8220, andrew@barokas.com
Investor relations: Michael Dougherty, 206.832.4000, ir@loudeye.com
Press Releases
Loudeye Corp. To Hold Annual Shareholders Meeting on July 16, 2003
June 23, 2003 — Loudeye Corp. (Nasdaq: LOUD), a leading provider of services for the management, promotion and distribution of digital media, today announced it will hold its 2003 Annual Shareholders Meeting on July 16, 2003, at 10:00am PDT/1:00pm EDT. The meeting will be held at the Edgewater Hotel in Seattle, Washington.
The meeting will be followed by a presentation from Loudeye discussing its strategic business plan, including an update on current initiatives and traction in the digital music sector.
In addition, a live audio Webcast will be available www.loudeye.com for those unable to attend the meeting.
About Loudeye Corp.
Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. For more information, visit www.loudeye.com.
Contacts
Media/Public Relations: Andrew Cullen, Barokas Public Relations, 206.264.8220, andrew@barokas.com
Investor relations: Michael Dougherty, 206.832.4000, ir@loudeye.com
News articles written about Loudeye.................
http://www.loudeye.com/common/news/news/
Loudeye is in the news. See what the industry has to say about us.
6/16/2003 — Cell Therapeutics, Kmart, Loudeye, Nektar: U.S. Equity Movers
6/16/2003 — Loudeye lands Japanese online music distributor
6/16/2003 — Loudeye surges on deal w/ Japanese music service (LOUD)
6/10/2003 — Loudeye taps EMI's Samit to join board
6/3/2003 — Loudeye scores digital distribution deal w/ The Orchard (LOUD)
6/3/2003 — Market winks at Loudeye
5/28/2003 — Amer Online Announces Enhancements To Radio@AOL
5/22/2003 — Amazon.com Says Audio Buffer Be Gone!
5/22/2003 — Loudeye shares jump on expanded relationship with record label EMI
5/21/2003 — Loudeye, EMI Expand Ties With Euro Deal
5/6/2003 — Dow Jones - Loudeye Cuts $5M In Real Estate Obligations
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