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Business News (more headlines)

05-10-2005

FORTUNE Names IODA To List Of 25 Breakout Companies

Website: http://www.iodalliance.com

SAN FRANCISCO – May 9, 2005 - IODA – the Independent Online Distribution Alliance – was recognized today in FORTUNE magazine’s list of 25 Breakout Companies for 2005.

IODA is the leading distributor of independent music online, aggregating content from a wide array of independent record labels for digital music retailers such as iTunes Music Store, RealNetworks’ Rhapsody, MSN Music, Napster, eMusic, Yahoo! MusicMatch, and over 120 additional outlets. IODA’s groundbreaking services enable online retailers to offer music fans the deep and varied catalog they demand, and provide the independent community with access to potent new sales channels.

The annual Breakout Companies list appears in the May 16, 2005 issue of FORTUNE magazine and is featured online at the Fortune.com website (http://www.fortune.com/fortune/breakout). 25 Breakout Companies 2005 highlights companies considered by FORTUNE editors to be “truly innovative” in their field. To select the list the magazine surveys industry experts – “gurus and geeks” – to identify leading companies who are “changing the game” in their respective fields. Past honorees on FORTUNE’s list include recent successes like Pyra Labs (Blogger.com), Brightmail, and Audible, and established heavyweights such as Netscape, RealNetworks, and CNET.

“We’re honored and excited to be included in this select group of innovators,” said Kevin Arnold, IODA founder and CEO. “IODA’s team of digital music industry veterans has worked tirelessly to build a compelling catalog of independent music and develop cutting-edge data management and media delivery systems to establish IODA as the premier distribution partner for labels, physical distributors, and digital retailers alike.”

Founded in 2003, IODA represents a rapidly expanding roster of over 70,000 tracks from more than 500 independent labels around the globe. The IODA catalog ranges from established classics to modern up-and-comers in all genres, including favorites such as Billie Holliday, London Symphony Orchestra, Bebel Gilberto, Midnight Oil, KRS-One, Duke Ellington, My Morning Jacket, John Lee Hooker, The Wrens, Sean Paul, The Hives, Del the Funkee Homosapien, Built to Spill, Charlie Parker, Ru Paul, They Might Be Giants, Arrested Development, Cracker, Sun Ra, Blackalicious, and Fela Kuti.

For more information contact:

Sarah Stromska, IODA, 415.777.IODA, sarah@iodalliance.com

About IODA

IODA – the Independent Online Distribution Alliance – is the industry-leading digital distribution company for the global independent music community. IODA provides comprehensive services to record labels, physical distributors, and artists, including license negotiations, media encoding and metadata management, royalty payment administration and reporting, and promotional support. IODA’s website is located at http://www.iodalliance.com.

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