Loudeye powers digital music store for Portugal Telecom, marking expansion into Portuguese market

SEATTLE, WA. (Loudeye Corp./ www.loudeye.com) - Loudeye Corp. a worldwide leader in business-to-business digital media solutions, today announced it was chosen by Portugal Telecom to power a privately branded digital music download store for Portugal Telecom's SAPO Networks, Portugal's leading Internet portal. The announcement marks the expansion of Loudeye and its OD2 services into Portugal, extending its global reach across 17 countries.

Portugal Telecom is launching a new broadband entertainment channel on its SAPO Networks, including a complete branded digital music store powered by Loudeye's OD2 services. The store, which is live today and available through https://www.sapo.pt, will feature music from all four major labels and many independent labels.
"Today's launch of a new store on SAPO Networks represents the growing demand for digital music worldwide and our ability to work closely in various regions, languages and currencies to create a customized and highly compelling digital music experience for our customers," said Charles Grimsdale, president and general manager of Loudeye's international business operations.
"Expanding into Portugal by powering one the largest Internet portals in the country further demonstrates the important role digital music can play in helping companies drive incremental revenue opportunities, strengthen relationships and increase brand recognition across their consumer base."