Loudeye and Coca-Cola Relationship Strengthens With Further Expansion in Europe

Loudeye and Coca-Cola Relationship Strengthens With Further Expansion in Europe

LONDON, July 19 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, today announced the expansion of the mycokemusic branded music stores in Ireland and Italy, as the relationship between the companies continues to grow.

This follows the launch of the UK mycokemusic site in January 2004, Austria in May 2004 and Switzerland in July 2004.

The Republic of Ireland and Northern Ireland stores and the Italian store will continue promotional activities for the site, as the digital music market continues to become a key focus industry for brands worldwide.

Brid Drohan, Media & Activation Manager at Coca-Cola Ireland, said, "When the mycokemusic site opened in the UK in January last year, it was heralded as the first time a consumer goods brand moved into the digital music sector. The launch of mycokemusic.com in Ireland demonstrates a long-term commitment by Coca-Cola to offer consumers new and progressive ways to experience music."

Paul Smith, Sales Director for Loudeye UK & Ireland, said, "We're proud of the deepening relationship between Loudeye and Coca-Cola through these new stores. The digital music market is a booming industry at present and having a company such as Coca-Cola involved is helping to bolster this market."

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. 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; 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. These are among the primary risks we foresee at the present time. 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)7787 122 800, or chris.owen@trimediauk.com, both for Loudeye Corp.; or investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000, or ir@loudeye.com

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

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