Loudeye and Planet Internet Renew Agreement for Broadband Access to Digital Music Downloads
21 Junho 2006 - 9:05AM
PR Newswire (US)
LONDON, June 21 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital
media solutions, today announced renewal of agreement with Planet
Internet for the successful bundling initiative launched in March
2005. Planet Internet customers receive promotional credits that
can be redeemed for a wide range of digital music downloads powered
by Loudeye's OD2 services. The renewal of this agreement is a
direct result of the success of Planet Internet's 2005 promotional
campaign in which every ADSL Comfort and ADSL subscriber received a
credit voucher redeemable for euro 4,00 or euro 10,00 of music per
month. These vouchers can then be spent on track or album downloads
from Planet Internet's OD2 powered "Music Stream" service. In 2005,
Music Stream customers downloaded more than 2 million tracks from
the service. Ed Averdieck, Loudeye's Managing Director in Europe,
said, "We are delighted that the success of the Music Stream
promotional offer with Planet Internet has led to the extension of
this deal for another year. Offering digital music to subscribers
as part of their broadband package has proven to be an attractive
offer for consumers." Tako in 't Veld of Planet Internet, added,
"Music Stream is one of our fastest growing offerings and continues
to be one of the most successful digital music services in the
Netherlands. In order for us to maintain this success it is vital
we collaborate with the best digital music providers in Europe, and
in OD2 we have just that partner." About Loudeye Corp. Loudeye is a
worldwide leader in business-to-business digital media solutions.
Loudeye combines innovative services with a broad catalog of
licensed digital music and an industry leading digital media
infrastructure, enabling partners to rapidly and cost effectively
launch complete, customized digital media stores and services. For
more information, visit http://www.loudeye.com/. About Planet
Internet Planet Internet is one of the largest Internet Service
Providers in the Netherlands. At the end of March, 2006, Planet, a
subsidiary of KPN, had 773,000 customers, including 581,000 ADSL
connections. Planet Internet is the only Internet Service Provider
in the Netherlands to offer a comprehensive range of broadband
services. Besides music, Planet Internet also offers movies, games,
educational games for children and self-learning courses. For more
information please visit http://www.planetinternet.nl/. Forward
Looking Statements This release contains forward-looking
information within the meaning of the Private Securities Litigation
Reform Act of 1995. The forward-looking statements in this release
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 audio and video
that Loudeye serves; adverse or uncertain legal developments with
respect to copyrights surrounding the creation and distribution of
digital content; redemption rates for promotional credits that
Loudeye offers; pricing pressures and other activities by
competitors; 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 http://www.sec.gov/. These are among the primary
risks we foresee at the present time. Loudeye assumes no obligation
to update the forward-looking statements. DATASOURCE: Loudeye Corp.
CONTACT: media, U.S., Karen DeMarco, , or Gil Lee, , both of mPRm,
+1-323-933-3399, for Loudeye; or media, Europe, Chris Owen of
Trimedia Communications UK, +44-(0)207-471-6851 or
+44-(0)7787-122-800, or for Loudeye; or investors, Chris Pollak,
Investor Relations of Loudeye Corp., +1-206-832-4000, or Web site:
http://www.loudeye.com/
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