[Nettime-bold] Triple GDP for Tuvalu Domain Space

["Weslake, Brad BG" <Weslake.Brad.BG@bhp.com.au>]

>From the latest RCFoC <http://www.compaq.com/rcfoc/>:

--
*   Domain Name Fever -- That race for cyber real estate that has seen
    dot-com domain names selling for millions of dollars is not over
    yet. According to the April 7 LA Times
    (http://www.latimes.com/business/20000407/t000032588.html
    <http://www.latimes.com/business/20000407/t000032588.html> ), a
    company called DotTV has agreed to pay the country of Tuvalu, a
    tiny Pacific island nation whose total land area is about that of
    the LAX airport, three times its gross domestic product, or as much
    as $50 million over ten years, for the rights to sell its dot-com
    addresses.

    Why?  Because Tuvalu's assigned domain is one of the most
    recognized, and in DotTV's mind a most lucrative, two-letter
    abbreviation -- "TV."  How much could DotTV get from ABC for
    "www.ABC.tv <http://www.ABC.tv> "?  Or perhaps "www.millioniaire.tv
    <http://www.millioniaire.tv> "?

    The quarterly $1 million minimum payment represents Tuvalu's
    single-largest source of income.

    I'll bet the folks who originally assigned domain names are kicking
    themselves...
--

Brad Weslake
Application Communication Solutions
BHP Information Technology
email weslake.brad.bg@bhp.com.au
ph     +61 2 4275 5311
fax    +61 2 4275 5215


EOM 

NOTICE - This message contains information intended only for the use of the addressee named above.  It may also be confidential and/or privileged.  If you are not the intended recipient of this message you are hereby notified that you must not disseminate, copy or take any action in reliance on it.  If you have received this message in error please notify postmaster@bhp.com.au.


_______________________________________________
Nettime-bold mailing list
Nettime-bold@nettime.org
http://www.nettime.org/cgi-bin/mailman/listinfo/nettime-bold