Domain Industry News

AC/DC Acquires ACDC.com Legitimately

AC/DC wins back website from porn business

According to this news article, AC/DC now owns the domain name ACDC.com. Although the article’s title led me to believe that this was a WIPO decision (“wins” rather than “buys”), it appears they acquired it the old-fashioned way – paying for it. From the article:

“For years the domain name acdc.com was held by a porn site with metal fans perhaps getting more than they bargained for every time they clicked.

But after years of wry tolerance the band’s management in New York has finished negotiations to reclaim the name and launch the brand at its rightful place online.” — Source: News.Com.Au

This really was a smart move by the band’s management team. Considering the amount of traffic the domain name probably receives, the price was clearly significant. The band could have easily tried to take the name in an underhanded way, via WIPO filing, but they opted to go about it the more legitimate way. Had they filed a WIPO, it would have cost the owners quite a bit of money to defend the name, and it might have irritated them enough not to consider selling it had a decision gone in their favor.

Kudos to AC/DC and their management for realizing the importance of ACDC.com, and for buying the domain name that is of highest value to them.

NameJet Launches, Partners with Net Sol

NameJet, which launched yesterday, is a new company entering the competitive deleting domain acquisition area of the domain business. In a partnership with Network Solutions, NameJet will be responsible for acquiring and auctioning Network Solutions’ deleting domain names. According to TechCrunch’s Michael Arrington,

“NSI, exercising a change in control termination clause, notified Snapnames/Oversee today that they were terminating their agreement and simultaneously launched Namejet with a rival registrar eNom (eNom is owned by Demand Media).” Source: TechCrunch

This development was reported on Jay Westerdahl’s blog on October 1st. His report included information about a trademark application made by Network Solutions for NameJet.

It looks like starting the Snapnames Seller Program was a smart move for Snapnames, but I hope they don’t lose their active bidder audience, which is the reason I personally listed many names with Snap. So far, I have had success with the program, and I must say their customer service is fantastic.

CADNA Responds to ICA’s Code

CADNA Responds to ICA’s Adoption of a Member Code of Conduct

The Coalition Against Domain Name Abuse (CADNA), a non-profit association created to stop various domain name abuses, has responded to the Internet Commerce Association’s (ICA) 8 point member Code of Conduct. The code was created to promote industry best practices to all domain owners in order to maintain ethical business practices. CADNA is most concerned with the points related to infringement upon other companies’ trademarks, as their membership is comprised of some of the largest companies in the world, including, AIG, Dell, Marriott, Yahoo, Verizon, and several others.

CADNA’s response includes three additions to help enhance the code of conduct. Their suggestions include:

“First, ICA members should oppose domain name tasting (not just kiting), and using a third party’s brand, or other trademark misuses, without permission. Such actions should be avoided altogether, even if the name is registered for less than five days.Secondly, ICA members will not monetize (serve ads) on behalf of their third party customers’ domains that infringe upon brand names without explicit permission of the trademark holder. This commitment includes agreeing not to register domains that are confusingly similar to brands.

Lastly, ICA members who are registrars will not taste domain names themselves, and they will not wait for ICANN to establish a policy to uphold their fiduciary obligations to the public.”(Source: CADNA Press Release)

As a Professional Member of the ICA, I agree with all of their points. In the past, I bought non-infringing names before dropping them within the 5 days, but that wasn’t to test traffic. I did it when I first started in the business to try and take a $7 registration to flip it for $25 a couple of days later. I don’t think this is particularly harmful, but since many people use the loophole to quickly test traffic on potential trademark names, I don’t see the harm in closing it.

I don’t believe a domain owner should have the right to own a clear and undisputed trademark domain name. In my opinion, nobody except Verizon has the right to own a domain name like VerizonMobilePhones.com except for Verizon.

The most difficult situation is determining when a domain name clearly infringes upon someone else’s trademark. Just because a domain name happens to have the letters “aig” and “insurance” in them, doesn’t necessarily mean it is infringing on AIG’s brand trademark. For example, AIGInsurance.com would clearly be an infringing domain name; however, PaigeInsurance.com, a NH-based insurance company run by the Paige Family, would not infringe simply because it has “aig” and “insurance” in its domain name.

One point of interest related to this press release is the lack of actual press it seems to have received. When CADNA was created a couple of months ago, I read news articles everywhere. My Google Reader sent me PR notices from tens of news outlets throughout the world. For this press release, I didn’t hear about it until 4 days after the release, and had someone not posted it in one of the forums, I wouldn’t have seen it at all (Thanks to Josh Melamed for posting it on Rick’s Forum!)

Domain Impact of the Weak Dollar

canadian-flag.jpg

Back in the 1980s when the US economy was facing tough times and the dollar was weak against Asian currency, the Japanese swooped in and purchased a tremendous amount of New York City real estate. They realized that they could buy valuable real estate at a fraction of the real value. Once the dollar rebounded in the 1990s and US investors like Donald Trump began buying it back, many Japanese real estate investors made a fortune. With the recent currency woes facing the US dollar against the Euro and Canadian dollar, I believe we may see the same thing happen to domain name assets. Foreign investors now have the advantage of stronger currencies against the the US dollar, and they can afford to go on a domain spending spree.People may counter this theory by saying that because PPC payouts are made in US dollars it wouldn’t be a good deal for foreign investors to buy domain names. Do these people think that when the Mitsubishi Estate Company of Japan bought the Rockefeller Building in New York City, rent was paid to them in Yen? I am sure rent was paid in US dollars, and they were happy to buy this US property jewel at a discount.While the Euro is strongest against the US dollar, I don’t believe Europeans will be the most active buyers. There are too many European extensions that are popular (.uk and .de for example), so they may not take full advantage of the discounted US prices.I believe the spending spree will start north of the border in Canada. Some of the most prolific domain investment companies reside in Vancouver, British Columbia. Since Canada is so close to the US and .com names are certainly common in Canada, I predict the Canadians will be the biggest buyers of domain names while the dollar is weak. For the first time in 31 years, the Canadian dollar is on par with the US dollar, and it has grown 62% since 2002. Canadians are proud that their economy seems to be outperforming the economy of their US counterparts. What better way to show their economic advantage than buying property? Instead of just a real estate boom, I foresee a virtual real estate boom, and our friends north of the border could be leading that charge.

No More 60 Day Transfer Policy at Godaddy?

GoDaddy May Have to Stop ’60 Day’ Transfer Policy

According to DomainNameWire.com, Godaddy may be forced to eliminate their 60 day transfer prohibition policy enacted when a client changes Whois information.    ICANN’s new advisory, in the public comment state for the next 30 days would appear to prohibit Godaddy’s policy:

“1. Registrars are prohibited from denying a domain name transfer request based on non-payment of fees for pending or future registration periods during the Auto-Renew Grace Period
2. A registrant change to Whois information is not a valid basis for denying a transfer request.”
— Source: DomainNameWire.com

I’ve always found this policy to be an annoyance.    I shouldn’t have to keep my domain names at Godaddy simply because of a change in Whois contact information.    I understand the 60 day policy pertaining to new registrations because I should register my domain names at my registrar of choice, however, when buying domain names in the aftermarket, I am not given my choice of registrar.    

Just as Andrew (the editor of DomainNameWire.com) stated, I was also able to contact my Executive Account Manager at Godaddy to request that the policy be lifted for individual domain names.    They were always willing to accommodate me, but it was annoying to have to take this extra step.

Televisions.com – A Steal at $215k

Televisions.com Tunes In $215,000 In the Week’s Top Reported Sale

Televisions.com sold for just $215,000 according to the newest addition of DNJournal.com‘s weekly sales report. This is a great price for the buyer, as I believe this name was worth well over half a million dollars. Recently, Cameras.com sold for well over a million, and I would value this name similarly. My only reasoning for the low price is that people might be searching for TVs rather than Televisions. Although television margins aren’t huge, I think the new owner could open up a tv store without open box inventory. The price paid is much less than what it would cost to open a television business in a typical shopping mall, and the reach is far greater with Televisions.com.

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