Loudeye Teams Up with Musicbank

Seattle-based Loudeye is going to help San Francisco-based musicbank come to market with their streaming solution for the music industry.

Musicbank will provide secure, streaming access on-demand to consumers’ personal music collections initially through the Internet and later through multiple delivery channels such as digital cable TV systems, wireless infrastructure and satellite service networks.

Essentially, consumers will have access to their entire music collection from anywhere in the world, anytime without having to upload content. What makes things even more interesting is that apparently musicbank’s model is already receiving endorsements by the music industry. Musicbank recently signed partnerships with Universal and Virgin.

So where does Loudeye come in?

Loudeye will work with musicbank over the next few months directing the large commercial encoding, management, and consulting project.

The project, which involves encoding the library in Real and Windows Media formats, also includes meta data management and delivering the content to musicbank on their Network Appliance equipment.

Musicbank is aiming to stream enormous amounts of digital media and our experience in projects of this magnitude will allow them to focus on the launch of their business rather than the complexities in the technology roll out,” says Loudeye Founder and CEO Martin Tobias.

Musicbank’s streaming solution is scheduled for a Fall 2000 launch.

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