Loudeye Teams With Exabre for Media Recommendation Technology

Loudeye Teams With Exabre for Media Recommendation Technology

Leading Personal Recommendation Technology to Be Offered to Loudeye's Global Network of Digital Music Stores

SEATTLE and LONDON, July 6 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business-to-business digital media solutions, today announced it is incorporating media recommendation technology from Exabre Limited into its product portfolio as a value added feature for Loudeye's network of music stores. Exabre offers a best in class recommendation technology that is highly scalable to support Loudeye's growing network of music stores worldwide, and provides a key feature for enhancing the value Loudeye's customers can offer to their end users.

Exabre's recommendation technology can be integrated in the consumer experiences for Loudeye's online digital music and mobile music solutions.

The recommendation system from Exabre takes a mix of users' search, sampled, streamed and purchase history and compares it with other users' data and external information. Based on Exabre's proprietary technology and algorithms, the system suggests artists, tracks and album recommendations for the user. Additionally, using Exabre's innovative, "music discovery," "what is trendy," and "random" functions, Exabre delivers personal and intuitive music and entertainment recommendations and playlists.

Loudeye selected Exabre because their advanced technology delivers the most personal recommendations available from the user evidence provided, leading to increased product selection and revenues from each consumer interaction. Additionally, Exabre is an expert adaptive system which means that the more it is used the better it gets without the extensive rules management of other systems on the market. Thus Exabre delivers Loudeye customers with highly relevant recommendations while Loudeye benefits from a highly scaleable solution with a low cost of deployment and ownership.

Exabre's CEO Rhett Ryder said: "We are very excited to be working with a leader in the global digital entertainment market where the full power of the Exabre software can be exploited to Loudeye's customers worldwide. We believe digital entertainment services will be one of the most exciting and ubiquitous technology evolutions over the next two years. We look forward to providing innovative solutions for companies to maximize their opportunities in the industry and create richer consumer media experiences."

Loudeye's general manager for Europe Ed Averdieck said: "This agreement with Exabre will enable us to offer innovative recommendation technology for our network of music stores. We believe this personalized music technology can be valuable for assisting consumers in finding and discovering new music they may want to purchase through an intuitive and engaging experience. This agreement demonstrates our commitment to offering the latest technologies and advancements for enhancing the user experience for our customers and their music stores."

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.

About Exabre Limited

Exabre Limited is a private company with headquarters in Bath, UK. Exabre Limited uses advanced artificial intelligence technology to deliver the most personal and intuitive product recommendation engine. Exabre is deployed on Windows 2003 and SQLServer and can be used to provide personalised product recommendations across a wide range of entertainment products and services. Exabre is a catalyst service to deliver personal product recommendations for all online and multi-channel retailers, seamlessly across their brand.

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. 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/press, U.S., Karen DeMarco of mPRm Public Relations, +1-323-933-3399, or kdemarco@mprm.com, for Loudeye; or Media/press, Europe, Chris Owen of Trimedia Communications UK, +44-0-207-471-6851, or +44-0-7970-933-680, or chris.owen@trimediauk.com, for Loudeye; or Jill Jones, +44-870-3331-007, or jill@thebusiness-pr.co.uk, for Exabre; or Investor relations, Michael Dougherty of Loudeye, +1-206-832-4000, or ir@loudeye.com

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

------- Profile: Ent