Loudeye Corp. recently announced IndieSource, an extension of Loudeye’s music label program enabling companies building a digital music business to license hundreds of thousands of independent music tracks through a single company. Additionally, independent music labels that license their content to Loudeye gain distribution into the major digital music stores and services. Musicmatch, BuyMusic at Buy.com and Cellus USA, among others, have used IndieSource to expand their content catalogs.
Through IndieSource, independent record labels worldwide can license their catalog to Loudeye and have their music offered through the world’s major digital music stores and services.
In related news, Loudeye announced a digital distribution agreement with Saregama, reportedly India’s largest music company. Additionally, Loudeye has signed agreements with independent labels and music representation companies including Avatar Records, Stern’s Music, Paradise Artists, Maggie’s Music, Corn Music Services, Inc., Rebel Records, Agog Creative Group and RoadHouse Records, among others. Loudeye also continues to grow its strategic relationship with content aggregator The Orchard, who now serves as one of the premier partners for IndieSource.
IndieSource serves as a primary source for non-major label music, distributing content from thousands of independent labels. Loudeye provides encoding, fulfillment, licensing, tracking, usage reports, royalty calculations, and works closely with the RIAA to apply proper ISRC codes to the content ensuring rapid delivery to music services and stores.