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Loudeye Announces Unprecedented Digital Media Encoding Milestones

Loudeye's Digital Media Centers Have Encoded Over 6.1 Million Audio Files And Over 1.0 Million Minutes of Video

SEATTLE, Oct. 18 /PRNewswire/ -- Loudeye Technologies, Inc., a leading provider of digital media solutions that unleash the power of audio and video on the Internet, today announced that as of September 30, 2000, its Digital Media Centers had encoded over 6.1 million cumulative audio files and over 1.0 million cumulative minutes of video since the Company's inception.

To put the numbers in perspective, Loudeye's approximately 6.1 million audio files are roughly the equivalent of encoding the entire North American music catalog almost three and a half times over or, to put it another way, enough music such that every person in attendance at the 1969 Woodstock festival could have their own custom CD of 12 unique songs a piece. In video, 1 million minutes is equivalent to 10,000 feature films, or 228 copies of every Kevin Bacon movie in existence.

"Our production of such staggering numbers of encoded files is what we believe to be proof positive that Loudeye is the digital media solution provider that people in the industry turn to most for digitizing their audio and video content," said Martin Tobias, minister of order and reason, founder and CEO, Loudeye Technologies, Inc. "We have yet to see another digital media company come forward with these type of numbers, and we believe our quarter on quarter delivery of large volumes of content is a reason for their hesitation."

To date, all of the files have been digitized via Loudeye's Digital Media Centers, enabling customers to receive high quality Internet-ready audio and video. Loudeye's unprecedented encoding milestones are also a result of the Company's Digital Media Applications that allow people to monetize those files and Consulting Services, which help customers integrate streaming into their business. As part of the Company's Digital Media Services, Loudeye also offers encoding, transcoding, file and database management, metadata integration, watermarking, indexing, archiving, distribution and database integration services across 18 different downloadable and streaming formats, including MPEG1, MPEG2, QuickTime, Windows Media and Real Media, among others.

About Loudeye Technologies, Inc.

Loudeye is a leading provider of digital media solutions enabling a totally new experience of audio and video on every Web page. By building the digital media infrastructure for today's top companies in the media, entertainment and enterprise markets, Loudeye is paving the way for companies to transform their traditional media assets into dynamic digital content. Through its Digital Media Centers in Seattle (headquarters), Santa Monica and London, Loudeye offers some of the most advanced Digital Media Services, Digital Media Applications and Consulting Services available on the market today, including encoding, management and distribution. To learn more, visit http://www.loudeye.com , our digital reality. Or, if you want to reach us the old-fashioned way, we're still using Alexander Graham Bell's vision at 206-832-4000.

Forward-Looking Statements

This press release contains forward looking information within the meaning of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, such as statements about anticipated accomplishments, circumstances, trends, expectations, plans, capabilities and prospects resulting from Loudeye's provision of services to digital media customers. There is no guarantee that these results will actually occur or these trends will actually continue. Actual events, results or developments may differ materially from those expressed or implied in forward-looking statements due to a number of risks and uncertainties. Factors that could cause actual results to differ materially from current expectations include the following: the expected ability of Loudeye to scale its capacity as demand increases, changes in customer demand for Loudeye's Digital Media Services, uncertain or adverse legal developments in connection with digital music rights, the continued development of Loudeye's encoding technology and services and its ability to respond effectively to new technological changes, evolving customer and Loudeye business models in the digital media market, the expected continued momentum of Loudeye's business and the acceptance and growth of streaming media technology. More information about the risks and challenges faced by Loudeye is contained in Loudeye's Prospectus dated March 15, 2000, Loudeye's Quarterly Report on Form 10-Q for the quarters ended March 31, 2000, June 30, 2000 and other documents filed by Loudeye from time to time with the Securities and Exchange Commission.

SOURCE: Loudeye Technologies Inc.




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