Reglikedomain industry desk

Demand Media scores another $1.3 million from withdrawing fresh TLD applications

Demand Media scores another $1.3 million from withdrawing fresh TLD applications

Fresh TLD applicant gets $1.3 million from the withdraw of a couple fresh TLD applications.

BankVaultDemand Media realized $1.3 million in gains in the third quarter of this year due to the withdrawal of its interest in fresh top level domain name applications, as stated by the firm’s latest 10-Q filing with the SEC.

In gained $1.2 million in the second quarter, and the total comes out to $2.6 million so far.

The gains are proceeds from settling contention sets via auction, as well as partial refunds on applications it withdrew.

Demand Media’s fresh TLD subsidiary, United TLD, lost an auction for the .fishing top level domain during the third quarter. Proceeds from that auction likely make up a big portion of the $1.3 million.

The firm also shares in the upside of some of Donuts’ fresh top level domain name applications. Donuts lost auctions for .casa and .storage during Q3. .Casa appears to be one of the domains in which Demand Media can share rights with Donuts.

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