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Demand Media applies for 26 new generic top level domains (gTLDs)

June 11th, 2012 Comments off

Demand Media (NYSE: DMD) has announced that the company will be actively participating in the historic expansion of the internet, under ICANN’s new gTLD’s program. Demand Media applied for 26 new gTLD’s in categories such as e-commerce, social media and sports. DMD has also revealed that the company has entered into a strategic arrangement with Donuts Inc., through which Demand Media may acquire rights in certain gTLDs after they have been awarded to Donuts Inc. by ICANN. These rights are shared equally with Donuts and are associated with 107 gTLDs for which Donuts has already applied for.

Demand Media Domains

Richard Rosenblatt, chairman and CEO of Demand Media Inc. said: “We believe the new gTLD program represents a significant milestone in the evolution of the Internet. In addition to delivering more choice for consumers and business owners, we expect the domain name expansion to spur innovation and new business opportunities.”

According to the press release, Demand Media will be pursuing a diverse portfolio of gTLD domain names intended to help bring millions of digital destinations to life. Guided by a proprietary, data-driven methodology, the company selected gTLD names in categories connected to an extremely broad range of interests and capabilities including: e-commerce, personal & professional identities, education, entertainment, internet life, sports, small business and social media.

“The gTLDs we seek naturally reflect and organize the world around us and will help consumers more seamlessly discover and connect with the people, information and organizations of importance to them” said Taryn Naidu, executive vice president of Demand Media.

Demand Media Inc. (NYSE: DMD) is a leading content and social media company that informs and entertains one of the internet’s largest audiences, helps advertisers find innovative ways to engage with their customers and enables publishers to expand their online presence. The company’s headquarters are in Santa Monica, California. Demand Media has additional offices in North America, South America and Europe.

Donuts Inc Domains

Donuts Inc. CEO, Paul Stahura, added: “As previously announced, Donuts has raised more than $100 million in funding to pursue the new gTLD opportunity. Donuts’ strategic arrangement with Demand Media takes us well beyond that $100 million funding and enables both companies to utilize additional resources, expertise and talent to generate the most value and benefits for customers from this historic opportunity.”

According to the press release, Demand Media and its affiliates are neither investors in Donuts Inc. and its affiliates nor are they involved in any joint venture with Donuts and its affiliates. The relationship between the two companies, DMD and Donuts, is simply a “strategic arrangement” they say.

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Demand Media CEO Rosenblatt’s Real Boat

April 1st, 2011 Comments off

Please note that the following is a parody intended for April Fools day 2011.

In recent news TechCrunch reported that TMZ.com had revealed Richard Rosenblatt’s $40 million yacht is named Ad Sense.  Well the joke’s on all of you. Arrington got you guys!  DNN has learned the actual story straight from the Demand Media CEO’s Facebook page. He doesn’t actually own a yaucht (sic).  He only has a small power boat for wakeboarding and it’s not named Ad Sense.  It’s named Cyber SqWater.  ;)

(c) 2011 DomainNameNews.com (1)


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Demand Media Sets IPO Pricing

January 12th, 2011 Comments off

According to Bloomberg Demand Media plans to raise $120 million selling shares for $14 to $16 in their IPO scheduled for January 25th, 2011. The company, run by co-founder, chairman and chief executive officer Richard Rosenblatt, has now cleared its final SEC hurdle and set the IPO date and pricing. The IPO had stalled in December when the SEC was waiting for responses on the company’s accounting practices. Goldman Sachs and Morgan Stanley are leading the $7.5 million offering. The shares will be offered at the New York Stock exchange under the DMD symbol.

Demand Media is parent company to many companies such as registrars eNom and Bulk Register, many websites such as eHow and domain parking company Hotkeys.

[via Bloomberg]

(c) 2011 DomainNameNews.com (7)


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Demand Media Investigating IPO with the help of Goldman Sachs

April 15th, 2010 Comments off

According to an article in the Financial Times, Demand Media has hired Goldman Sachs to explore an initial public offering. The company, founded by the former chairman of Myspace, Richard Rosenblatt, owns registrars eNom, BulkRegister, parking company Hotkeys and operates the NameJet drop catching site in partnership with Network Solutions. Aside from owning a domain portfolio, which includes a large number of expired domain names, the company also runs a user generated content production service called Demand Studios. The content is then published on Demand’s websites, such as eHow. The company’s freelance workers produce about 4,000 video clips and articles per day.

(c) 2010 DomainNameNews.com

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More Opportunities for Learning & Networking in LA During Week of DomainFest

January 13th, 2010 Comments off

DomainFest is less than 2 weeks away and there will be plenty of networking and big name speakers at the event. If you can’t get your fill at Domainfest though, there’s even more going on in LA that might be of interest to you as well.  Wednesday and Thursday Los Angeles will also be host to another internet/tech event with big names and venture capitalists galore.

Internet start-up gurus like Paul Graham, Robert Scoble, Om Malik, and even Demand Media’s own Richard Rosenblatt, will be speaking at  Twiistup.  The 2 day event features an agenda geared toward start-ups and features some of these start-ups in the “show-off” session.  Twiistup calls themselves the event “where venture capitalists and entrepreneurs come to find the next big thing”.  If you are an investor or launching a start-up idea Los Angeles is definitely the place to be the week of January 25-29th.

(c) 2009 DomainNameNews.com

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