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Short Take: Loudeye to encode CDs for Musicbank

Musicbank has hired Loudeye Technologies to encode files for its streaming music "locker" service, which is scheduled to go live this fall. A Loudeye spokesman said the deal calls for the company to encode 150,000 CDs, including recordings owned by Universal Music Group, which Musicbank customers can retrieve over the Web.

Musicbank has hired Loudeye Technologies to encode files for its streaming music "locker" service, which is scheduled to go live this fall. A Loudeye spokesman said the deal calls for the company to encode 150,000 CDs, including recordings owned by Universal Music Group, which Musicbank customers can retrieve over the Web.