Loudeye Corp. (LOUD)

[excel]

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, [phone],
or [e-mail], for Loudeye Corp.; or investors, Michael Dougherty of
Loudeye Corp., [phone], or [e-mail]


http://www.hob.com