Loudeye Powers Digital Music Store for Gizmondo

Loudeye Powers Digital Music Store for Gizmondo

LONDON, March 23 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business to business digital media solutions, today announced the launch of a customized digital music store for Gizmondo which offers customers a wide range of digital music tracks in the UK.

Through the deal, Gizmondo offers their customers over 450,000 tracks from over 12,000 artists direct through a Gizmondo branded music store available at www.gizmondomusic.com. The Gizmondo digital music store allows consumers to download high quality digital music with individual tracks available for as little as 0.69p / euro 1.00 each, and albums priced starting at 6.99 pounds Sterling / euro 10.00.

Carl Freer, Managing Director Gizmondo Europe, said: "This agreement further strengthens our commitment to providing first class entertainment to our customers as Loudeye's services complement the other outstanding entertainment options we offer. The Gizmondo is the most powerful, feature laden piece of multi-entertainment hardware available."

Philip Shepherd, Loudeye's head of strategic partnerships EMEA, comments: "The Gizmondo console looks set to bring in a whole new age in mobile entertainment, and we're delighted that Gizmondo has chosen Loudeye as its digital music partner of choice."

About Loudeye Corp.

Loudeye is a worldwide leader in business-to-business digital media solutions and the outsourcing provider of choice for companies looking to maximize the return on their digital media investment. Loudeye combines innovative products and services with the world's largest digital music archive, a broad catalog of licensed digital music and the industry's leading digital media infrastructure enabling partners to rapidly and cost effectively launch complete, customized digital media stores and services. 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. 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 audio and video that Loudeye serves; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital content; pricing pressures and other activities by competitors; the failure of Loudeye's hosting infrastructure; the complexity of Loudeye's services and delivery networks; any problems or failures in the structure, complexities or redundancies of Loudeye's network infrastructure; failures in third party telecommunication and network providers to provide required transmission capacity; lack of market acceptance for Loudeye's 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 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.

CONTACT: media (U.S.), Karen DeMarco of mPRm Public Relations, +1-323-933-3399, or kdemarco@mprm.com, or media (Europe), Chris Owen of Trimedia Communications UK, +44 (0)207 471 6851, or +44 (0)7970 933 680, or chris.owen@trimediauk.com, both for Loudeye Corp.; or investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000, or ir@loudeye.com; or James Beavan of Indigo Pearl Global Communications, +44 (0) 208 964 4545, or james@indigopearl.com, for Gizmondo

Web site: http://www.gizmondomusic.com/

Web site: http://www.loudeye.com/

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