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Akamai and Loudeye Deliver Complete Streaming Media Solution for Jimmy and Doug's Farmclub.com
As a multi-media destination for independent musicians, established artists and music lovers, Farmclub.com is an authoritative resource for music content and one of the most popular music sites on the Web. To ensure its end users receive a highly engaging and reliable streaming media experience, Farmclub.com outsourced its streaming needs to Akamai and Loudeye, Akamai's preferred provider of digital media applications. As a result, Akamai and Loudeye are providing Farmclub.com a complete streaming media solution for encoding, managing, and delivery of its digital music content.
"Akamai and Loudeye offer the expertise to enable our web site to become the ultimate online destination for music lovers by delivering broadcast-quality streams, volumes of engaging content and opportunities for independent musicians," said Glenn Kaino, head of programming, Farmclub.com. "We're thrilled to align ourselves with two of the streaming media industry's leading companies, and see this as an important step in bringing our vision to fruition."
With the use of Akamai's FreeFlowSM Streaming services, Farmclub.com can ensure higher performance delivery of its rich content and audio and video streams via Akamai's global, distributed network of more than 4,200 edge servers. Akamai's services optimize the performance of the Farmclub.com Web site, providing its end users a broadcast-quality, reliable online experience.
Through its state of the art Digital Media Centers, Loudeye is currently encoding music videos and transcoding MP3 files for Farmclub.com. Loudeye is also working closely with Farmclub.com engineers to automate the process by which MP3 files are encoded into two formats and six available bit rates, and then uplinked automatically back to the Akamai network. Loudeye's patent-pending parallel encoding process offers customers like Farmclub.com some of the highest quality audio and video commercially available anywhere in the industry today. By leveraging the streaming media services from Akamai and Loudeye, Farmclub.com is able to operate a highly scalable, cost-effective business.
"Our work with Farmclub.com is designed to improve the end-user experience and alleviate the challenges involved with managing large amounts of digital content," said Peter Kellogg-Smith, vice president of marketing, Loudeye Technologies, Inc. "Through the combination of Akamai's streaming media platform and our digital media solutions, we've created an advanced digital media infrastructure for Farmclub.com."
"This is a significant win for Akamai and Loudeye. By outsourcing management and delivery of its streaming media content, and its encoding needs, Farmclub.com is able to focus on growing its business and concentrate on enriching its site with more compelling, interactive content," said Paul Campbell, vice president, media and entertainment services, Akamai. "Our reliable content delivery platform will enable the end users of Farmclub.com to receive a high-performance streaming media experience."
About Farmclub.com
Formed in late 1999, Farmclub.com was founded by Jimmy Iovine, Co-Chairman of Interscope Geffen A&M, and Doug Morris, Chairman and Chief Executive Officer of Universal Music Group. The frontrunner in interactive convergence, integrating a web site, television show and record label, Farmclub.com is the ultimate destination for both musicians and music lovers. The www.farmclub.com web site offers unsigned artists the chance to reach a worldwide audience by uploading their music, making it available for downloading and streaming to those in the online community, as well as presenting music and videos from an array of superstar acts. The "Farmclub.com" weekly music television series hosted by Matt Pinfiled and Ali Landry (Monday nights at 11:00 PM EST/PST on USA Network) presents live performances by today's hottest and most cutting edge artists, while also giving unsigned acts an opportunity to appear on the same stage. Dr. Dre, Eminem, Kid Rock, Macy Gray, STP, Limp Bizkit and Beck have all appeared on the show. Farmclub.com, the online record label, signs, develops and promotes artists discovered online and through traditional sources, and distributes their records via Universal Music Group. Jimmy and Doug's Farmclub.com is a subsidiary of Universal Music Group, the world's leading music company. Universal Music Group is a unit of The Seagram Company Ltd., a global entertainment and spirits and wine company.
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, 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.
About Akamai
Akamai is the foremost provider of global, high performance services for the delivery of Internet content, streaming media, and applications, serving over 2,100 customers. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 4,200 servers in 50 countries directly connected to 225 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
Loudeye 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 and Akamai's provision of services to Farmclub.com, this Loudeye customer relationship and the outlook for the digital music market in general. There is no guarantee that these results will actually occur, these trends will actually continue or this strategic relationship or customer relationship will develop in the way currently anticipated. 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: changes in Farmclub.com's online music strategy and its relationship with Loudeye and/or Akamai, changes in the relationship between Loudeye and Akamai whether due to technical or other business reasons, adverse developments in the evolving legal state of digital music rights in general, the expected ability of Loudeye and Akamai to scale its capacity as demand increases, 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 music 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 and June 30, 2000, and other documents filed by Loudeye from time to time with the Securities and Exchange Commission.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.
| Contacts: |
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| Caryn Converse Akamai Technologies 617-250-4661 converse@akamai.com |
--or-- | Erik Ryan Loudeye 206-832-4082 erikr@loudeye.com |
Akamai's Streaming Delivery Services and Loudeye's Digital Media Solutions Enable Farmclub.com to Increase the Value of Interactive Media Content
CAMBRIDGE, MA and SEATTLE, WA - September 27, 2000 - Akamai Technologies, Inc. (NASDAQ: AKAM), the foremost provider of global, high-performance services for the delivery of Internet content, streaming media, and applications, and Loudeye Technologies, Inc. (NASDAQ: LOUD), a leading provider of digital media solutions that unleash the power of audio and video on the Internet, today announced that the companies are providing advanced streaming media services to Jimmy and Doug's Farmclub.com, a subsidiary of Universal Music Group.As a multi-media destination for independent musicians, established artists and music lovers, Farmclub.com is an authoritative resource for music content and one of the most popular music sites on the Web. To ensure its end users receive a highly engaging and reliable streaming media experience, Farmclub.com outsourced its streaming needs to Akamai and Loudeye, Akamai's preferred provider of digital media applications. As a result, Akamai and Loudeye are providing Farmclub.com a complete streaming media solution for encoding, managing, and delivery of its digital music content.
"Akamai and Loudeye offer the expertise to enable our web site to become the ultimate online destination for music lovers by delivering broadcast-quality streams, volumes of engaging content and opportunities for independent musicians," said Glenn Kaino, head of programming, Farmclub.com. "We're thrilled to align ourselves with two of the streaming media industry's leading companies, and see this as an important step in bringing our vision to fruition."
With the use of Akamai's FreeFlowSM Streaming services, Farmclub.com can ensure higher performance delivery of its rich content and audio and video streams via Akamai's global, distributed network of more than 4,200 edge servers. Akamai's services optimize the performance of the Farmclub.com Web site, providing its end users a broadcast-quality, reliable online experience.
Through its state of the art Digital Media Centers, Loudeye is currently encoding music videos and transcoding MP3 files for Farmclub.com. Loudeye is also working closely with Farmclub.com engineers to automate the process by which MP3 files are encoded into two formats and six available bit rates, and then uplinked automatically back to the Akamai network. Loudeye's patent-pending parallel encoding process offers customers like Farmclub.com some of the highest quality audio and video commercially available anywhere in the industry today. By leveraging the streaming media services from Akamai and Loudeye, Farmclub.com is able to operate a highly scalable, cost-effective business.
"Our work with Farmclub.com is designed to improve the end-user experience and alleviate the challenges involved with managing large amounts of digital content," said Peter Kellogg-Smith, vice president of marketing, Loudeye Technologies, Inc. "Through the combination of Akamai's streaming media platform and our digital media solutions, we've created an advanced digital media infrastructure for Farmclub.com."
"This is a significant win for Akamai and Loudeye. By outsourcing management and delivery of its streaming media content, and its encoding needs, Farmclub.com is able to focus on growing its business and concentrate on enriching its site with more compelling, interactive content," said Paul Campbell, vice president, media and entertainment services, Akamai. "Our reliable content delivery platform will enable the end users of Farmclub.com to receive a high-performance streaming media experience."
About Farmclub.com
Formed in late 1999, Farmclub.com was founded by Jimmy Iovine, Co-Chairman of Interscope Geffen A&M, and Doug Morris, Chairman and Chief Executive Officer of Universal Music Group. The frontrunner in interactive convergence, integrating a web site, television show and record label, Farmclub.com is the ultimate destination for both musicians and music lovers. The www.farmclub.com web site offers unsigned artists the chance to reach a worldwide audience by uploading their music, making it available for downloading and streaming to those in the online community, as well as presenting music and videos from an array of superstar acts. The "Farmclub.com" weekly music television series hosted by Matt Pinfiled and Ali Landry (Monday nights at 11:00 PM EST/PST on USA Network) presents live performances by today's hottest and most cutting edge artists, while also giving unsigned acts an opportunity to appear on the same stage. Dr. Dre, Eminem, Kid Rock, Macy Gray, STP, Limp Bizkit and Beck have all appeared on the show. Farmclub.com, the online record label, signs, develops and promotes artists discovered online and through traditional sources, and distributes their records via Universal Music Group. Jimmy and Doug's Farmclub.com is a subsidiary of Universal Music Group, the world's leading music company. Universal Music Group is a unit of The Seagram Company Ltd., a global entertainment and spirits and wine company.
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, 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.
About Akamai
Akamai is the foremost provider of global, high performance services for the delivery of Internet content, streaming media, and applications, serving over 2,100 customers. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 4,200 servers in 50 countries directly connected to 225 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
Loudeye 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 and Akamai's provision of services to Farmclub.com, this Loudeye customer relationship and the outlook for the digital music market in general. There is no guarantee that these results will actually occur, these trends will actually continue or this strategic relationship or customer relationship will develop in the way currently anticipated. 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: changes in Farmclub.com's online music strategy and its relationship with Loudeye and/or Akamai, changes in the relationship between Loudeye and Akamai whether due to technical or other business reasons, adverse developments in the evolving legal state of digital music rights in general, the expected ability of Loudeye and Akamai to scale its capacity as demand increases, 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 music 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 and June 30, 2000, and other documents filed by Loudeye from time to time with the Securities and Exchange Commission.
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Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.
