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Loudeye Reaches Numerous Milestones

(CelebrityAccess Mediawire) — Loudeye Corp. has reached some record operating milestones, marking an increasing demand for Loudeye's digital media services and reinforcing its leadership position in the global digital media marketplace.

Operational milestones include:

— Over the last 12 months, Loudeye served one billion music samples for
its licensed music distribution partners. This represents
approximately 250,000 more music samples delivered per day than in the
previous 12 months:

— Over the last 12 months, Loudeye delivered approximately 14 million
digital music tracks to its licensed music distribution partners. This
represents a 223% increase in the number of tracks delivered compared
to the previous 12 months;

— Loudeye also grew its digital music repository to over 4.5 million full
song tracks, an increase of more than one million songs compared to the
repository's size this time last year. Loudeye operates the world's
largest commercially licensed digital music repository; and

— Recent investments in Loudeye's media operations center have increased
Loudeye's production capacity from a rate of 490,000 digital music
files a week to approximately 4.2 million files a week, or 25,000 an
hour. Production capacity refers to the speed at which Loudeye can
ingest content and deliver a digital output.

"As a result of recent investments in our media operations center we're delivering digital media to partners around the world on a massive scale. These key milestones represent a solid foundation for continued growth as more companies and major brands enter the legitimate digital media space and content owners from around the world embrace digital distribution," said John Martin, Loudeye's executive vice president of technology and development. "This increased production activity indicates a growing demand for our end-to-end digital media solutions from companies looking to come to market quickly with the strongest possible offering. Our turnkey digital media application services, including our MusicStore and iRadio products announced at the end of 2003, are expected to play a significant role in our business this year as we power more music stores for our partners and continue our goal of growing the digital music marketplace." –Bob Grossweiner and Jane Cohen