Loudeye Corp. (LOUD)

[IAMSAM]

Amazon.com Expands Music Samples Agreement With Loudeye On Multi-year Terms

PR Newswire - December 18, 2003 07:09

Agreement Provides Amazon.com With the Most Current and Comprehensive Music Samples Catalog in the Industry

SEATTLE, Dec 18, 2003 /PRNewswire-FirstCall via Comtex/ -- Loudeye Corp. (Nasdaq: LOUD), a leader in managing, promoting and distributing digital media, today announced a multi-year music samples agreement with Amazon.com.

Loudeye operates the world's largest archive of digital music with more than 4 million tracks from over 400,000 CDs. By using music samples from Loudeye, Amazon.com retains access to the most comprehensive music samples catalog available with the vast majority of new release material available on or prior to their official release dates.

"Amazon.com's contract expansion demonstrates the effectiveness of music samples as a marketing mechanism for driving the sales of CDs and digital music downloads," said Jeff Cavins, Loudeye's president and chief executive officer. "Our hosted samples business allows high traffic, content rich sites such as Amazon.com to offer visitors a dynamic digital media experience to complement their vast music library whether music is being distributed in the physical package such as CDs or digitally through individual and album downloads."

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 Amazon.com and the use, performance, expected benefits and projected revenue associated with Loudeye's digital media services, including music samples, 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

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

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