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| CFO Out as Loudeye Tightens Belt | | Published by: anonym 2008-11-20 |
| Digital media software firm Loudeye Corp. on Monday
announced it would lay off 37 percent of its workforce and dismiss its CFO,
yet another sign that the retrenchment in the online music business has not
subsided.
Indiantelevision.com's Headlines Archives - 2004::
BSkyB tightens cricket grip with 4-year telecast deal MTV signs digital music store deal with Loudeye . Star One carves out fresh viewer space
http://indiantelevision.com/headlines/y2k4/headlineindex.htmHOME |
The Seattle-based firm announced the cost-cutting moves just months after acquiring
Wonderhorse to expand its realtime data sharing and collaboration products.
Foreign Investment in Latin America and the Caribbean 2007::
File Format: PDF/Adobe Acrobatout because it is among the largest recipients of FDI both in terms of absolute to penetrate the data centre market; or the acquisition of Loudeye
http://www.eclac.org/publicaciones/xml/1/32931/lcg2360i.pdfHOME |
The Economist 2006 08 19::
Kevin Daly, an economist at Goldman Sachs, points out that in terms of GDP per Loudeye, to develop its own service for its music-enabled handsets.
http://www.scribd.com/doc/2513273/The-Economist-2006-08-19HOME |
The company, which boasts a roster of big-name clients like America Online
, Microsoft Network and Napster, said it
would also cut salaries of its executives by 10 percent.
The duties of the chief financial officer would be assumed on an interim
basis by the Loudeye VP of finance and controller, Jerry Goade.
Loudeye, which markets services that include rich media application support,
Webcasting, hosting, storage, encoding, capture and media restoration, said
the belt-tightening measures would save about $10 million annually and would
results in a charge of $1.7 million in the second quarter.
ClickZ - Author Archive::
Jul 24, 2001; Organic Loses Execs, Tightens Belt for Long Haul A mixed bag for the battered San Francisco Dec 13, 2000; CFO, President Out at Digitas
http://www.clickz.com/showPage.html?page=clickz_author_fullarchive&author=3622493HOME |
InternetNews Realtime IT News - CFO Out as Loudeye Tightens Belt::
Another digital media play opts for retrenchment to save cash and survive the meltdown in the sector.
http://www.internetnews.com/bus-news/article.php/1370571/CFO+Out+as+Loudeye+Tightens+Belt.htmHOME |
After the layoffs, Loudeye said its workforce would total 130 at locations
in Seattle, New York and Los Angeles.
Like many of its peers, Loudeye has felt the crunch from the advertising
recession, which has forced many streaming media dot-coms out of business.
The company was banking heavily on its deal with
Napster to generate revenues but, ever since the controversial
file-sharing service ran into financial troubles of its own, the company was
forced to restructure its operations.
24/7 Wall St.: August 2006::
It may be a solution that tightens margins for a time, but, otherwise, Loudeye (LOUD) rose well over 100% to close at $4.34 after Nokia announced it
http://247wallst.blogspot.com/2006_07_18_247wallst_archive.htmlHOME |
Business | Technology | guardian.co.uk::
OD2 got bought by Loudeye, which sold it on to Nokia for $60 million. "Facebook has already claimed Youtube CFO Gideon Yu, eCommerce Product lead
http://blogs.guardian.co.uk/technology/category/business/HOME |
Under terms of the Napster deal, Loudeye was picked to digital
"fingerprints" and related descriptive data to the BMG-owned file-sharing
network for use in its planned membership service, originally scheduled to
launch this summer.
Loudeye also has a multi-year pact to provide America Online with music
samples, music catalog encoding and metadata services. The deal calls for
Loudeye to support digital music content across certain AOL properties,
including Spinner, the Internet radio
service.
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