FOR IMMEDIATE RELEASE

                     Loudeye Repurchases 4.0 Million Shares

            Company Signs Agreement With Founder, Including Lock-Up;
                CEO John T. Baker Elected Chairman of the Board

Seattle, WA - October 30, 2001 - Loudeye Technologies, Inc. (Nasdaq NM: LOUD), a
leading  provider of services  and  infrastructure  for the  delivery of digital
media and streaming  content,  today  announced it has  repurchased  4.0 million
shares of its stock from the Company's founder and largest  shareholder,  Martin
Tobias,  and entered into a  comprehensive  agreement  with Tobias,  including a
lock-up with respect to his remaining shareholdings.

Additionally,  Loudeye announced its chief executive officer, John T. Baker, has
been elected  chairman of the board of directors,  replacing Tobias who resigned
from the board.

Loudeye  repurchased the common stock from Tobias for $2.0 million, or $0.50 per
share,  and also entered into a comprehensive  agreement with Tobias,  including
the  extension  of a $2.0  million  secured  line of credit.  The credit line is
collateralized by liens on certain real property assets owned by Tobias, as well
as all his  remaining  4.6  million  Loudeye  shares.  Under  the  terms  of the
agreement,  the  collateral  shares will be restricted  from public market sale,
without  Loudeye's  consent,  until the later of January 31,  2003,  or the full
repayment of the credit facility. The credit line matures June 30, 2003.

"We believe  these  repurchase  and lockup  agreements  reduce the potential for
downward selling pressure on Loudeye's common share price that could result from
future unrestricted public market stock sales by our largest  shareholder," said
Loudeye  Chairman and CEO John T. Baker.  "We continue to believe our shares are
significantly  undervalued and that this  opportunity  represented an attractive
use of capital."

"I am  gratified  by the board's vote of  confidence  in electing me  chairman,"
continued Baker. "Since joining the Company as CEO in March, I have been leading
an aggressive  expansion of the business through both  acquisitions and internal
growth. I look forward to accelerating this strategy for maximizing  shareholder
value."

About Loudeye Technologies, Inc.
Loudeye is a leading provider of services and infrastructure for the delivery of
digital media and streaming content.

Loudeye's  Activate  division  offers live and on-demand  enterprise  Webcasting
services for earnings calls, product launches,  conference  streaming,  distance
training and sales calls. Customers using Activate's Webcasting services include
Compaq, Microsoft, Adobe, and Safeco.


Loudeye's  music samples,  metadata,  DRM, online radio,  media  restoration and
Webcasting  solutions  allow  customers  to leverage  dynamic,  rich content for
enterprise  communications,   e-commerce,   advertising,  branding  and  product
promotions.  Loudeye has music licensing  agreements with the world's five major
record companies and more than 800 independent  labels.  Customers  include AOL,
Amazon.com, barnesandnoble.com, CDNOW, BMG Direct and MSN.

To learn more, visit www.loudeye.com or www.activate.com.


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, as amended,  including  statements  related to the expected  effect on the
market  as result of the  arrangements  with Mr.  Tobias,  and  strategy.  These
statements are based on current  trends,  expectations,  plans and prospects and
there is no guarantee that these results will actually occur,  these trends will
actually continue or Loudeye's products, services or initiatives 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.  Information about the risks and challenges
faced by Loudeye is contained in  Loudeye's  Annual  Report on Form 10-K for the
year ended December 31, 2000, and other documents, such as the quarterly reports
on Form  10-Q,  filed by  Loudeye  from  time to time  with the  Securities  and
Exchange Commission,  copies of which are available through the SEC's Electronic
Data Gathering  Analysis and Retrieval  system (EDGAR) at  www.sec.gov.  Loudeye
assumes no obligation to update the forward-looking  statements included in this
release.

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Contacts:
Media: Andrew Cullen, Barokas Public Relations, 206.264.8220,andrew@barokas.com
Investor relations: David Barnard, Lippert/Heilshorn,415.433.3777,
dbarnard@lhai.com