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LoudeyeNokia Promises “Best Mobile Music Experience” By 2007Authored by Jay Baage on October 16, 2006 - 8:13am.
Espoo, Finland/Seattle, USA. Nokia today announced that it has completed its acquisition of Nasdaq-listed Loudeye Corp., a provider of digital music platforms and digital media distribution services. In an official statement, Nokia’s management team now says that they are ready to offer the best all-over mobile music playform next year. However, although Nokia is the global leader in cell phones sales, the competition for the music interested cell phone buyer with be razor-sharp with other new mobile music services recently announced by Motorola, Sony Ericsson and Samsung. Loudeye Shareholders Approve Nokia Acquisition; Class Actions FiledAuthored by Mark Hefflinger on October 12, 2006 - 1:09pm.
Seattle - Shareholders have approved digital music service provider Loudeye's $60 million buyout by cell phone maker Nokia, the company said in a regulatory filing. The deal expected to close next week. Meanwhile, several law firms have announced the filing of shareholder class actions against Seattle-based Loudeye, alleging the company artificially inflated its stock price between May 2003 and November 2005. One lawsuit, from New Orleans-based law firm KGS, said the company during this time was "operating well below guidance… not successfully integrating its acquisitions," and that its "restructuring was failing." The company's share price fell from a high of $30 per share in late 2004 to less than $2 per share by the time Loudeye announced Nokia's intention to acquire the company.
Nokia Acquires Digital Music Firm Loudeye for $60 MillionAuthored by Mark Hefflinger on August 8, 2006 - 1:25pm.
Espoo, Finland - Nokia announced on Tuesday that it has acquired Loudeye, a provider of branded digital music stores, for $60 million. Under the terms, Loudeye shareholders will receive $4.50 per share in cash for each share of Loudeye stock they own.
tags: Deals | Mobile | Mobile Music | Tech | Music | Acquisitions | Loudeye | Nokia | Music Tech | Finland |
Morning Links: August 8, 2006Authored by Robert Spears on August 7, 2006 - 11:38pm.
 Nokia to Acquire Loudeye for Approximately $60 Million USDWired: Has Steve Jobs Lost His Magic? Reuters: Sony Readying Wi-Fi IM/Music Device Reuters: Alltel to Offer Podcasts on Cellphones Reuters: Sprint Seen Choosing WiMax Technology LAT: Youths Don’t Always Think of Theaters to See Flicks WSJ: AOL's Switch to Free Features Sows Confusion LAT: Multimedia CDs Making Their Way into US Newspapers BBC: Britons online '50 days a year' TechWeb: Lucasfilm Consolidates IT for Animation, Movies, Video Games TR: An Interview with Wikipedia Co-Founder, Jimmy Wales AdAge: McKinsey Study Predicts Continuing Decline in TV Selling Power Loudeye Renews Promotional Deal With Dutch ISP Planet InternetAuthored by Mark Hefflinger on June 21, 2006 - 1:35pm.
London - Loudeye, a provider of branded digital music services, announced on Wednesday that it has renewed an agreement with Dutch ISP Planet Internet, to offer new ADSL subscribers promotional credits that can be redeemed for downloads from digital music stores powered by Loudeye's OD2 services.
tags: Marketing | Tech | Music | Promotions | Loudeye | ISP | Netherlands | Planet Internet | Sponsored Content |
Loudeye Regains Nasdaq Listing ComplianceAuthored by Mark Hefflinger on June 12, 2006 - 1:04pm.
Seattle - Loudeye, a provider of branded digital music stores, announced on Monday that it has regained compliance with the Nasdaq's minimum bid price rule.
Loudeye Effects 1-for-10 Reverse Stock SplitAuthored by dmw on May 23, 2006 - 7:18pm.
Seattle - Loudeye, a provider of branded digital music stores in Europe, announced on Tuesday that it has effected a one-for-ten reverse stock split, as part of its efforts to maintain compliance with Nasdaq listing requirements. After the split, Seattle-based Loudeye will have reduced its number of outstanding shares of common stock from 132.6 million to 13.3 million.
tags: Deals | Tech | Music | Commerce | Investing | Stock Deals | Loudeye | Music Tech | Reverse Splits |
Altnet Settles P2P Patent Infringement Suits with Overpeer, LoudeyeAuthored by dmw on May 17, 2006 - 4:48pm.
Los Angeles - Altnet, a file-sharing technology company associated with Kazaa distributor Sharman Networks, announced that it has settled some of the patent infringement claims it brought against the music industry.
Loudeye Renews Agreement to Power Microsoft Digital Music StoresAuthored by dmw on May 12, 2006 - 12:15pm.
Bristol, England - Loudeye, a provider of branded digital music services in Europe, announced on Friday that it has renewed its agreement with Microsoft to power MSN Music online stores in thirteen European countries. In addition to delivering licensed tracks, Loudeye's OD2 unit will provide features such as a "now playing" link within MSN Messenger.
Muze Acquires U.S. Assets of Loudeye for $11 MillionAuthored by dmw on May 1, 2006 - 7:13pm.
New York - Muze, a provider of informational databases on music, movies, books and video games, announced on Monday that it has acquired the U.S.-based services and operations of Loudeye for $11 million in cash. Seattle-based Loudeye offers digital media services including encoding and streaming song samples offered on retail websites including Amazon.com; in Europe, its OD2 unit also operates a number of digital music stores on behalf of various retailers. New York-based Muze offers its informational databases in retail music store kiosks, and also online through Best Buy, eBay, Virgin Music and Yahoo.
Loudeye to Raise $8.25 Million in Stock OfferingAuthored by Mark Hefflinger on February 24, 2006 - 11:08am.
Seattle - Loudeye Technologies, a provider of branded digital music stores and other digital media services, announced this week that it plans to raise $8.25 million through a secondary stock offering. The company will use the proceeds for working capital and general corporate purposes. Seattle-based Loudeye laid off an undisclosed number of staff earlier this month, as part of a plan to cut costs by $2.5 million per quarter. The company also said its shares are in danger of being delisted by the Nasdaq, for failing to maintain the $1 minimum listing requirement for 30 consecutive days.
Loudeye to Distribute "Dual-Mode" EMI Song DownloadsAuthored by Mark Hefflinger on January 24, 2006 - 9:47am.
Cannes, France - Loudeye, a provider of branded digital music stores and other digital music services, on Tuesday announced an agreement with major label EMI that will allow Loudeye to distribute "dual-mode" song downloads -- which include one version for a PC and another for mobile phones -- in one transaction. "Music fans increasingly want to be able to purchase and listen to music whenever it is convenient to them, and then be able to listen to that music across all their devices whenever they choose," said Doug Lucas, EMI vice president of digital development and distribution.
Loudeye Reports Record Music Store Downloads Over Holiday SeasonAuthored by Mark Hefflinger on January 6, 2006 - 5:31am.
Seattle - Loudeye Technologies, a provider of branded digital music download stores and other digital media services, said on Friday that it saw a record number of downloads from its online music stores during the 2005 holiday season. The Seattle-based company, which powers digital music stores for Tower Records, Virgin, Tiscali and others, said it saw an increase in transactional volume of 200% over the same period in 2004, including 85,000 tracks sold on Christmas day alone.
Loudeye to Shutter Overpeer P2P Anti-Piracy UnitAuthored by Mark Hefflinger on December 9, 2005 - 4:35am.
Seattle - Loudeye, a provider of branded digital song stores and other digital media services, announced on Friday that it has shuttered its Overpeer unit, which developed media content protection technology. Overpeer provided services to record labels and movie studios that included seeding illicit file-sharing networks with "spoof" files, which contained only noise, or copyright warnings, instead of the expected song or video file. Overpeer "will continue to pursue options to maximize the value of its assets," Loudeye said. As a result, Loudeye will realize savings of $1.6 million, or 10%, in the current quarter as compared with the previous quarter, but added that the shutdown of Overpeer will incur $200,000 in severance pay and other associated costs. "We continue to focus our business on growth opportunities with digital distribution. Our actions to exit content protection services will substantially improve our go-forward cost structure," said Loudeye president and CEO Mike Brochu.
O2 Germany Launches Mobile Music Store With Nokia, LoudeyeAuthored by Mark Hefflinger on October 18, 2005 - 11:16am.
Seattle - Loudeye, a provider of branded digital music stores and other digital media services, announced on Tuesday that it has partnered with Nokia and wireless carrier O2 Germany, to launch a mobile music download store for O2 Germany subscribers. The store also allows users to shop online and download tracks to a PC, in addition to via cell phone. O2 Germany claims more than 8 million subscribers in Germany.
Nokia, Loudeye, Microsoft Offer Mobile Music ServiceAuthored by Mark Hefflinger on February 14, 2005 - 10:42am.
Cannes, France -- Cell phone maker Nokia on Monday announced that it has partnered with Loudeye, a provider of digital music retail services, to offer wireless network operators the ability to offer their own branded mobile music services. The service will let consumers browse, search, listen, and download full tracks and ringtones either to a cell phone or PC. Nokia partnered with Microsoft to integrate support for the company's Windows Media Audio and Video formats, and digital rights management technology into the branded music services. Separately, Finland-based Nokia also introduced a new smartphone model that includes an integrated music player with stereo output, full Internet browser, and both a 1.3 megapixel still image camera and two-way video camera. The Nokia 6680 will go on sale in Europe in April for about $580; a version of the smartphone for the Americas is scheduled to ship in the second quarter of 2005.
Report: Loudeye Seeding File-Sharing Networks With Pop-Ups, AdwareAuthored by Mark Hefflinger on January 4, 2005 - 3:19am.
San Francisco -- PCWorld.com recently reported that Overpeer, an anti-piracy firm owned by Seattle-based Loudeye, has been seeding peer-to-peer file-sharing networks with spoof music and video files that launch pop-up ads, install adware and attempt to hijack a browser's home page. When a user downloads such a Windows Media Audio or Video file on a peer-to-peer network and then attempts to open it, the file launches the ads or adware instead of playing back the expected music or video. "Remember, the people who receive something like (the ad-laden media files), in some cases, were on P-to-P, and they were trying to get illicit files," Loudeye vice president Marc Morgenstern told PCWorld.com. Microsoft said it was looking into whether the spoof files violate the terms of its Windows Media licensing. "We wouldn't want to endorse anything that involved delivery of content that appears to be one thing, and then something else is delivered," Microsoft's David Moulton told PCWorld.com. When notified that ads for its company were being launched in this fashion, one company, Kanoodle, promptly had them removed. "Upon detecting or discovering any prohibited distribution activity, we eliminate it immediately," Kanoodle president Lance Podell told PCWorld.com.
Loudeye Expands P2P Anti-Piracy Service to European MarketAuthored by Mark Hefflinger on September 29, 2004 - 8:27am.
Berlin -- Loudeye, a provider of streaming song samples and other digital media services, announced on Wednesday that it has launched its Overpeer anti-piracy service in the European marketplace. The service, which will be distributed through Loudeye's European OD2 subsidiary, promises "99% effectiveness in preventing the illegal sharing of digital media across peer-to-peer networks." Seattle-based Loudeye said that Overpeer currently protects more than 60,000 digital entertainment titles, and that each month it averages 25 billion digital download hits against its servers, blocking distribution of copyrighted material across 200 million unique user sessions.
Loudeye Gets Nokia Investment to Develop Wireless Digital Music PlatformAuthored by Mark Hefflinger on August 9, 2004 - 3:23am.
Seattle -- Loudeye, a provider of streaming song samples and other digital media services, announced on Monday an agreement with cell phone maker Nokia to develop an advanced wireless digital music platform. The multi-year agreement includes a "multi-million dollar commitment" to Loudeye for development fees. The companies said that additional details of the collaboration and service platform, such as an expected release date, will be announced later.
Loudeye to Acquire U.K. Internet Music Firm OD2 for $39 MillionAuthored by Mark Hefflinger on June 22, 2004 - 8:10am.
Seattle -- Loudeye Technologies, a provider of streaming song samples and other digital media services, announced on Tuesday that it has agreed to acquire U.K.-based Internet music firm OD2 (On Demand Distribution) for $39 million. Loudeye President and CEO Jeff Cavins said that the acquisition of OD2 -- co-founded by Charles Grimsdale and musician Peter Gabriel in 2000 -- would allow his company to become "the largest business-to-business digital media provider in the world with the largest licensed digital music catalogue in the industry." OD2 currently supplies music to Microsoft's MSN, Viacom Inc.'s MTV and Coca-Cola, among others. The newly merged Loudeye said it would be able to sell music in the U.K., France, Germany, Italy, Spain, Austria, Switzerland, Ireland, Denmark, Belgium and the Netherlands, and that it would have rights to more than 1.3 million tracks in Europe and 4.6 million in the U.S.
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