Loudeye Corp. (LOUD)

[excel]

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


http://www.loudeye.com