News and Updates

Opening Day Photos & Highlights from NamesCon Global 2019 in Las Vegas Sunday

DN Journal - Mon, 2019-01-28 22:20
The NamesCon Global 2019 conference is in full swing after a busy opening day and night Sunday in Las Vegas. We have all of the photos & highlights for you.
Categories: News and Updates

Cybersecurity Is Failing Big-Time and This Is Hard to Fix

Domain industry news - Mon, 2019-01-28 21:09

It has become clear that having a big cybersecurity war room is not enough to deliver true end-to-end security throughout the complex networks, systems and structures on which our modern society is based. Furthermore, looking at the forever changing draconian government interventions in this space, it is also obvious that they are often stabbing in the dark. The real problem is far more structural and complicated, there are no quick regulatory fixes, and companies like the telcos and the governments are unwilling to tackle these difficult issues.

Rather than following a centralised approach to cybersecurity, we need to have a decentralised approach. This would also address the current political problems around the use of Chinese equipment for the 5G network.

It is hard to believe that national cybersecurity can be undermined by telecoms equipment manufacturers. Certainly there is genuine concern about the lack of independent governance institutions in China, but if it comes to the crunch, any government can force national companies — such as telcos — to adhere to their instructions. The American government has also looked at installing 'backdoor' tools in certain telecoms equipment that potentially could be used for spying purposes.

Furthermore, these interferences are totally independent of what equipment is used. Any telecoms infrastructure from one or multiple providers can be 'hacked' into by governments or others, such as criminal organisations.

So, yes, if we can put pressure on the Chinese government to build stronger independent institutions and adhere to global rules and norms, the better it will be for us all. But we shouldn't be too hypocritical here as Australia, for example, is introducing some of the most draconian cybersecurity laws in the world — laws that allow for government agencies to force companies to hand over any information and provide any assistance they ask for, all under the threat of severe penalties. Nevertheless, I do recognise the danger of authoritarian regimes such as the one in China with now a president for life and a 'social credit system'. These developments are directly opposite of an open society that we need for a trustworthy connected and hopefully cyber secure world.

But banning China and introducing draconian regulations is not going to assist in creating better cybersecurity. Security is poor at best within all major — national and global — communications networks. They have been cobbled together over decades and security is poor, or even non-existent, at many different levels. Looking at telecoms networks shows what can happen if the companies are trying to upgrade and update their systems. A simple software glitch can cascade and bring the network down, sometimes for prolonged periods. So obviously, and understandably, there is a great reluctance on the part of telcos to start working inside their networks to add more and broader levels of cybersecurity.

In order to increase cybersecurity, it needs to be embedded in every single part of the network, all the way to the edge. This means that we need to look at very specific security developments in relation to content, data and its analytics, data centres, infrastructure, modems, handsets, browsers, chipsets, protocol security and so on. Perhaps the best-protected area within the network is the billing system — indication that commercial security is still seen as more important than societal security.

Will this broader approach to cybersecurity happen any time soon? I doubt it. And draconian regulation, legislation and trade bans are not going to change this because of the abovementioned complexity of the telecoms network. Relying on these networks — be it 5G or otherwise — to provide cybersecurity is a lost battle. For the foreseeable future, the best security is encryption at the very source.

So banning Chinese equipment is not going to make any difference to national security. If China wants to spy they can use any network or any network equipment connected to the global telecoms network. As the ban on Chinese gear started in the USA, it is safe to say that this most likely has more to do with punishing the Chinese — because they are increasing their economic power around the globe — than it has to do with protecting against cyber-spying. Furthermore, no government has yet provided any evidence that Chinese equipment has been used for that purpose.

The Chinese ban might work against the improvement of cybersecurity as some of the best and cost-effective equipment needed for the new hi-tech 5G networks is no longer available to the network operators where governments have banned Chinese equipment.

In order to create a safer world, all nations need to work together and combined we need to make sure that also authoritarian regimes adhere to the same rules. The global importance of telecoms was the reason for it to become the very first United Nations institution back in 1865 and this institution — the ITU — still exists, highlighting the ongoing global importance of telecommunication. We should build on this to ensure that our ever more complex telecommunication infrastructure keeps delivering the best economic and social outcomes for all.

In looking at how to best address cybersecurity, it would also be useful to look at how the commercially-oriented cyber surveillance systems evolved as pioneered by Google and which are now in widespread use throughout the marketing, advertising, PR and political propaganda channels. They are highly successful in the use of all available hi-tech. What we can learn from them, on the one hand, is the transformational power of these new tools, and on the other the need for cybersecurity, including privacy security and insurances of positive societal outcomes.

Written by Paul Budde, Managing Director of Paul Budde Communication

Follow CircleID on Twitter

More under: Cybersecurity, Internet Governance, Policy & Regulation

Categories: News and Updates

Great domain investing data from Paul Nicks (GoDaddy) at NamesCon

Domain Name Wire - Mon, 2019-01-28 19:47

Paul Nicks delivering his keynote at NamesCon.

This is a live blog of Paul Nick’s keynote at NamesCon this morning.

Paul Nicks shared some valuable data about domain investing.

YoY sales of aftermarket domains from third party inventory were up 41% on 29% increase in inquiries.

30% growth in conversion rate the day they changed the presentation of domains in the purchase path. They added valuations, valuation reasons, video and a bigger presentation.

Sales were up 87% in Latin America, 60% in Asia, 56% in EMEA, 47% USA. (These numbers are all higher than the 41% number; keep in mind that they don’t have location data on all sales, but I will check with Paul to check this discrepancy.)

All regions had average sales prices of $1,822 or more. Average sale price is fairly consistent across regions.

Nicks said there are lots of types of investors at GoDaddy:

1. High volume investors doing closeouts, reg fee and selling on average $300-$500
2. High value investors buying $2,000+ and selling $20k+
3. “Sweet spot” investors buying $30-$60 and selling average $2,000-$5,000.

Nicks advises against #1 and #2 for new people entering the market. He thinks the third option is best.

Domains with 5-14 characters have higher demand and value. 80% of GoDaddy’s sales fall within 5-14 characters.

92% of sales are .com, followed by 2.6% for .org, 1.5% .net and 1.4% .co. Avg. selling price of $2,268 for .com. .Com and .Org number of sales were up YoY; .net and .co were down.

Top 6 new gTLDs sold on GoDaddy’s aftermarket (in order): .app, .xyz, .club, .life, .shop, .online. .XYZ average sales price was the lowest of these six at $924, .online highest at $2,452. Keep in mind that none of these are among top 10 sellers.

Regarding GoDaddy’s automated appraisal tool, 59% of sales on Afternic’s network were within $1,000 of appraisal price and 89% within $2,000. Nick says adding valuations is helping sell more aftermarket domains.

Half of all leads of GoDaddy’s own portfolio come from landers, not registrar searches.

GoDaddy recently started testing GoDaddy-branded landers. This change alone increased conversion 10%. They also internationalize their for sale landers with local phone numbers.

Tested with a customer changing from PPC page to for sale page, sales average per month went from $50k to $150k within a month. Has changed month to month but still much higher overall revenue than PPC lander. Clarification: this was from a PPC only with no for sale message to a for sale only.

© DomainNameWire.com 2019. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

Related posts:
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  2. GoDaddy paid $50 million for two latest domain portfolio acquisitions
  3. GoDaddy “for sale” tweak leads to 41% more aftermarket sales revenue
Categories: News and Updates

Bhavin Turakhia’s new TLD data from NamesCon

Domain Name Wire - Mon, 2019-01-28 18:58

In a keynote at NamesCon this morning, Radix founder Bhavin Turakhia ran through some of the metrics that Radix considers when marketing its top level domain names.

One takeaway is that China isn’t all it’s cracked up to be for new top level domain names. It’s good for boosting registration numbers but longtime revenue is limited.

Radix calculated registrations in 2017 and calculated that China accounted for 44% of new registrations but only 27% of renewals and just 9% of renewal revenue. Here’s a slide showing renewal estimates:

Radix’s domains are in blue and you can see the renewal rates are substantially higher outside of China. This probably has a lot to do with how domains are priced in China vs. elsewhere.

Here’s another interesting comparison:

It’s interesting to see renewal share vs. initial registrations. Again, I think this has to do with how the companies source their initial registrations and their pricing.

Turakhia says Radix uses first year renewals as its metric, not initial registrations. Whenever it undertakes a marketing campaign it runs an analysis to show that it will be profitable. It might not be profitable the first year but over time it needs to see a path to profitability.

© DomainNameWire.com 2019. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

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Categories: News and Updates

Google’s Ben McIlwain – DNW Podcast #221

Domain Name Wire - Mon, 2019-01-28 16:47

Learn about the HSTS preload list and how to add your domain (or entire TLD) to it.

This week Ben McIlwain of Google talks about SSL on domain names, particularly the HSTS preload list. Learn about the benefits of adding a domain name to this list and how an entire top level domain can be added.

Also: Prince settles, Scratch.org lawsuit, NamesCon, WordPress.com deal and Vegas, Baby!

Subscribe via iTunes to listen to the Domain Name Wire podcast on your iPhone or iPad, view on Google Play Music, or click play above or download to begin listening. (Listen to previous podcasts here.)

© DomainNameWire.com 2019. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

Related posts:
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  2. Google adds more of its top level domains to HSTS preload list
  3. Sandeep Ramchandani, CEO of Radix – DNW Podcast #183
Categories: News and Updates

NamesCon kicks off second day with 40% new attendees

Domain Name Wire - Mon, 2019-01-28 16:38

Three great keynotes to attend today.

NamesCon is entering its second day today at the Tropicana in Las Vegas.

40% of attendees this year are first-timers, a surprisingly high number that might suggest a renewed interest in the domain business.

There are several noteworthy keynotes to check out today.

At 10 am, billionaire Bhavin Turakhia will take to the stage. Along with his brother, Bhavin founded Directi, Radix and Media.net.

GoDaddy VP and GM Paul Nicks presents at 11 am. He will give a data-driven presentation on how to invest in domain names.

I’m also interested in domain broker Kate Buckley’s “Storytelling in Sales” keynote at 1 pm.

The full agenda is here.

© DomainNameWire.com 2019. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

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Categories: News and Updates

NamesCon picks Austin for 2020 show

Domain Name Wire - Sun, 2019-01-27 19:54

Pull out your cowboy boots and get ready for lots of BBQ.

Austin, Texas will be home to NamesCon in 2020.

NamesCon is heading to the Lone Star State for its 2020 show.

Soeren von Varchmin, CEO of NamesCon/CloudFest, announced the news in the opening session at NamesCon in Las Vegas today.

The dates haven’t been selected and NamesCon is seeking input on the time of year. It is considering either January or early September. Having lived in Austin for over 20 years, I can say that January is hit or miss for weather and early September is still very hot.

NamesCon is considering having multiple walkable venues as part of the event. With companies like GoDaddy, WPEngine and Google downtown, it would be interesting to have some events at satellite corporate venues. (There also might be a Uniregistry office in Austin by that time.)

I find it a bit ironic that NamesCon is coming to Austin right after I move from the city, but I look forward to coming back to visit.

© DomainNameWire.com 2019. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

Related posts:
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  2. Women in Domaining comes to NamesCon
  3. Women in Domaining returns at NamesCon
Categories: News and Updates

NamesCon Global 2019 Got Off to an Unofficial Early Start Saturday Night in Las Vegas

DN Journal - Sun, 2019-01-27 15:56
The Namescon Global conference officially opens today but with dozens of attendees already in town Saturday it felt like the show was already in full swing.
Categories: News and Updates

NamesCon Registration Prices go Up Tomorrorow

Domain Name News - Sat, 2013-11-30 18:57

What’s the perfect thing to do after celebrating Thanksgiving with your family? Get right back to work and plan for the new year. And to get into the domaining mood right in the new year, what’s better than a domain industry conference at a low price? Today’s the last day to get your NamesCon tickets for the event from January 13th to 15th in Las Vegas, NV for $199 + fees. Fees double tomorrow to $399.

Richard Lau, the organizer of the event told DNN: “We are at over 200 attendees already and expect to hit more than 400 at the conference. The opening party on Monday (6:30pm – 9pm) will be hosted by .XYZ at the Tropicana, and the Tuesday night party will be at the Havana Room at the Tropicana from 8pm-midnight.

With hotel prices as low of $79 a night +$10 resort fee at the Tropicana right on the strip this ‘no meal’ conference is shaping up to be the event for the industry in 2014.

The event has already attracted sponsors like:

Further sponsorships are available.

Keynote speakers are:

If you need another reason to attend – you even meet DomainNameNews in person there :)

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Categories: News and Updates

.DE Registry to add Redemption Grace Period (DENIC)

Domain Name News - Tue, 2013-11-26 19:49

As of December 3rd, 2013, DENIC, the operator of the .DE ccTLD will also introduce a Redemption Grace Period (RGP) that allows the original domain owner to recover their expired domain for up to 30 days after the expiry, the same as for gTLDs.

See the full press release after the jump.

Redemption Grace Period for .DE name space kicking off in early December

New cooling off phase to prevent unintentional domain loss

Effective 3 December 2013, the managing organization and central registry operator of the .DE top level domain, DENIC, will launch a dedicated cooling-off service (called Redemption Grace Period – RGP) which shall apply for all second-level domain names in the .DE name space. This procedure shall protect registrants against an unintentional loss of their domain(s), as a result of accidental deletion.

Under the RGP scheme, .DE domain names shall no longer be irretrievably lost, following deletion, but instead initially enter a subsequent 30-day cooling-off phase, during which they may solely be re- registered on behalf of their former registrant(s).

RGP cooling-off provisions shall allow former registrants to redeem registration of the subject domain names, by having recourse to the related Restore service, through a registrar. Only if no redemption is requested, during the 30-day RGP phase, the relevant domain names shall become available for registration by any interested party again. At the time being, similar regulations are applied by other top level domain registries already.

Registrars redeeming a deleted .DE domain name for the original registrant will have to pay a Restore fee and may pass on the related costings.

Deleted .DE domain names placed in cooling off, from RGP implementation, will be earmarked by a redemption period status in the DENIC lookup services (whois) accessible at www.denic.de.

As a consequence of the above measures, the current DENIC .DE domain guidelines shall be superseded by new, amended ones from the date of RGP launch, i.e. 3 December 2013, which shall then be permanently published at http://www.denic.de/en/domains/general-information/domain- guidelines.html.

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Categories: News and Updates

Andee Hill forms EscrowHill.com backed by Gregg McNair

Domain Name News - Mon, 2013-11-25 16:00

Andee Hill, who recently left Escrow.com where she was Director of Business Development, has created a new licensed escrow company, Escrow Hill Limited with he backing of entrepreneur Gregg McNair.

 

“When Andee told me she was thinking about forming her own escrow business I was immediately enthusiastic. I have a reputation of connecting some of the best people in our industry and Andee is at the top both professionally and as an amazing human being,” McNair said.

 

EscrowHill.com’s team includes Ryan Bogue as General Manager and Donald Hendrickson as Operations Manager. Both have worked in the business of online escrow under Hill’s direction for over fifteen years combined. Together with Hill’s experience the new team offers over thirty years of online escrow experience!

“During my fifteen years in this business, I have handled just about every aspect of online escrow. Regardless of my title, I have always known that understanding the client’s needs and providing excellent and secure service is invaluable. I have been fortunate to work with the industry innovator from day one. I have seen what works and what doesn’t. I have been even more fortunate to have created great relationships and trust with industry leaders. At EscrowHill.com I know I can do an even better job,” Hill said.

“Gregg has earned a strong reputation for honesty, integrity and for successfully making businesses work. He also has incredible enthusiasm and a heart for helping others. All are key factors in me wanting Gregg to support my endeavor at EscrowHill.com,” Hill continued.

McNair has assumed the non-operational role of Chairman, supporting Hill and her team with whatever it takes to build the best escrow business on the planet.

Marco Rinaudo, Founder and CEO of domain registrar Internet.bs, another one of Gregg McNairs investments,  has been appointed CTO of EscrowHill.com. Rinaudo, who has been a leader in the international hosting and registrar space since 1995, said, “EscrowHill.com is formed and supported by the very best people in the industry. Our team has built the most sophisticated on-line internet escrow platform, fully automated and with more advanced security features than any other.

See the full press release after the jump.

Andee Hill forms EscrowHill.com

AUCKLAND NZ: One aspect of the domain space that bridges the whole industry is that of escrow; and the one person better known than any other in that context is the former Director of Business Development at Escrow.com, Ms. Andee Hill.

Ms. Hill has established the licensed international escrow enterprise, Escrow Hill Limited with the backing of long time friend and industry entrepreneur, Gregg McNair.

“When Andee told me she was thinking about forming her own escrow business I was immediately enthusiastic. I have a reputation of connecting some of the best people in our industry and Andee is at the top both professionally and as an amazing human being,” McNair said.

EscrowHill.com’s dream team includes Ryan Bogue as General Manager and Donald Hendrickson as Operations Manager. Both have worked in the business of online escrow under Hill’s direction for over fifteen years combined. Together with Hill’s experience the new team offers over thirty years of online escrow experience!

The domain industry is undergoing incredible change and EscrowHill.com is positioned to provide secure, yet flexible, state of the art products and services. EscrowHill.com will be able to meet the needs of both past and future generations of domain buyers, brokers and sellers. Hill’s reputation as an honest, discreet and hard working professional will now aspire to a new level.

“During my fifteen years in this business, I have handled just about every aspect of online escrow. Regardless of my title, I have always known that understanding the client’s needs and providing excellent and secure service is invaluable. I have been fortunate to work with the industry innovator from day one. I have seen what works and what doesn’t. I have been even more fortunate to have created great relationships and trust with industry leaders. At EscrowHill.com I know I can do an even better job,” Hill said.

“Gregg has earned a strong reputation for honesty, integrity and for successfully making businesses work. He also has incredible enthusiasm and a heart for helping others. All are key factors in me wanting Gregg
to support my endeavor at EscrowHill.com,” Hill continued.

McNair has assumed the non-operational role of Chairman, supporting Hill and her team with whatever it takes to build the best escrow business on the planet.

Marco Rinaudo, Founder and CEO of Internet.bs has been appointed CTO of EscrowHill.com. Rinaudo, who has been a leader in the international hosting and registrar space since 1995, said, “EscrowHill.com is formed and supported by the very best people in the industry. Our team has built the most sophisticated on-line internet escrow platform, fully automated and with more advanced security features than any other.

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Categories: News and Updates

Inaugural Heritage Auctions Domain Event in New York City – Live Results

Domain Name News - Thu, 2013-11-21 23:55

We were will be live blogging the results of the inaugural Heritage Auctions Domain Event in New York City today. There are no guarantees that this list is correct or complete as this are not official or officially approved results.

The auction sold 26 out of the 68 domains for a total of $419,970. Domains that did not sell in the live auction will be available on Heritage Auction’s website for two weeks at their reserve price as a Buy it Now price.

The top 5 sales of this auction were:

  1. XZ.com for $138,000
  2. Animation.com for $112,125
  3. Hemisphere.com for $34,500
  4. AIE.com for $23,000, BusinessPhone.com for $23,000
  5. Numismatics.com for $17,250

Please note that all domains occur a 15% bidder premium, noted in our total and in the last column of the table below. See the full live blogged results after the jump.

 

Lot #Domain NameReserveSold?Sale PricePrice w/ Commission 87001DupontCircle.com$7,000SOLD$7,000$8,050.00 87002OJX.comno reserveSOLD$3,666$4,215.90 87003CoinCompany.comno reserveSOLD$1,600$1,840.00 87004DoctorateDegree.com$10,000SOLD$11,500.00 87005ChicagoWine.comno reservepass 87006Animation.com$95,000SOLD$97,500$112,125.00 87007KCY.com$7,000pass 87008FXTrading.com$25,000pass 87009SellShort.com$6,000SOLD$6,000$6,900.00 87010Dayton.com$95,000pass 87011Coins.ca$35,000pass 87012Comics.ca$20,000pass 87013AIE.com$20,000SOLD$20,000$23,000.00 87014ZQF.comno reserveSOLD$3750$4,312.50 87015EqualRights.com$15,000pass 87016DVDs.com$50,000pass 87017CommercialArt.com$3,888pass 87018Burbank.net$5,000pass 87019FFQ.com$3,500SOLD$5,000$5,750.00 87020Numismatics.com$15,000SOLD$15,000$17,250.00 87021Charge.me$3,000pass 87022BusinessPhones.com$20,000SOLD$20,000$23,000.00 87023AKU.com$20,000pass 87024Sociology.com$40,000pass 87025SellGoldCoins.com$2,000SOLD$2,600$2,990.00 87026KFX.com$8,000pass 87027Marilyn.com$30,000pass 87028NL.com$385,000pass 87029ExecriseGloves.com$1,500SOLD$1,500$1,725.00 87030Keynesian.com$30,000pass 87031CakeMix.com$10,000pass 87032NumismaticsBlog.com$500pass 87033MutualFunds.com$1,000,000pass 87034GIU.com$6,500SOLD$6,500$7,475.00 87035BulkDiapers.comno reserveSOLD$500$575.00 87036Hemisphere.com$30,000SOLD$30,000$34,500.00 87037Alexandria.com$200,000pass 87038Downline.com$10,000pass 87039ActiveStocks.comno reserveSOLD$850$977.50 87040TheCoinBlog.comno reserveSOLD$325$373.75 87041Bicycle.com$200,000pass 87042HJR.com$9,300pass 87043FootballUniforms.com$18,000pass 87044Suit.com$95,000pass 87045OJQ.com$4,500pass 87046GradedCards.com$1,500SOLD$1,500$1,725.00 87047BasketballMemorabilia.com$1,500pass 87048VJZ.com$4,500pass 87049SmartTVs.com$5,000SOLD$5,500$6,325.00 87050GolfLessons.com$75,000pass 87051JazzBlog.comno reservepass 87052MyCoinCollection.com$500SOLD$600$690.00 87053Tie.com$100,000pass 87054UncutDiamonds.com$3,000pass 87055QR.com$200,000pass 87056NewTees.comno reserveSOLD$250$287.50 87057WOJ.com$6,500pass 87058FootballlEquipment.com$2,500pass 87059ItalianSuits.com$10,000pass 87060LuxuryBags.com$40,000pass 87061KCJ.com$9,300pass 87062SwissChronograph.com & SwissChronographs.comno reserveSOLD$550$632.50 87063PX.net$10,000pass 87064CurrencyExchange.com$220,000pass 87065DiveSuits.comno reserveSOLD$500$575.00 87066OpalEarrings.com$3,500pass 87067XZ.com$120,000SOLD$120,000$138,000.00 87068PHQ.com$3,500SOLD$4,500$5,175.00 !ERROR! E2 does not contain a number or expression!ERROR! F2 does not contain a number or expression Auction Total$419,970

 

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Categories: News and Updates

Buenos Aires Airport closure leaves many ICANN 48 attendees stranded

Domain Name News - Fri, 2013-11-15 15:27

As the 48th ICANN meeting is set to start in Buenos Aires, many of the attendees were stranded today in Montevideo, Uruguay  and other South American airports due to an airport closure in Buenos Aires. An Austral Embraer ERJ-190 on behalf of Air Austral/Aerolineas Argentina coming from Rio de Janeiro (Brazil), overrun the runway and only came to a halt after the nose of the machine had hit the localizer antenna about 220 meters/730 feet past the runway end at 5:45 local time this morning (UTC-3). None of the 96 passengers was injured and they were all taken to the terminal. According to reporting of the airport there was a cold front passing through the area at the time. The airline reports that the incident occurred due to a sudden change in wind direction and speed.

Flights into the aiport resumed again after about three hours, but some attendees will now only arrive tomorrow. DNN was not able to confirm if any ICANN 48 attendees were on the flight itself.

 

[via AVHerald and the ICANN Social Group on Facebook, picture posted on twitter by @JuanMCornejo]

 

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Demand Media to Spin Off Domain Registration Business into RightSide [Press Release]

Domain Name News - Tue, 2013-11-05 15:25

As already predicted by Andrew over at DNW:

Demand Media Announces Key Executives and Name for Proposed Domain Services Company

Company Will Lead Expansion of Generic Top Level Domains under Rightside Brand; Taryn Naidu Selected as Incoming CEO

November 05, 2013 09:00 AM Eastern Standard Time

SANTA MONICA, Calif.–()–Demand Media, Inc. (NYSE: DMD), a leading media and domain services company, today announced that Taryn Naidu, who currently serves as Demand Media’s Executive Vice President of Domain Services, will become the CEO and a Director of the newly formed domain services company that is proposed to be spun off from Demand Media. Demand Media also announced that it has selected the name Rightside Group, Ltd. (“Rightside”) for the spun off domain services business.

“It’s an exciting time for us, as new gTLDs start going live this year and our path to becoming an independent public company as a leader in our industry progresses.”

Rightside will be a Kirkland, WA based technology and services company for the Internet domain industry. The company will advance the way consumers and businesses define and present themselves online through a comprehensive technology platform making it possible to discover, register, develop, and monetize domain names. Rightside will play a leading role in the historic launch of new generic Top Level Domains, and the name represents a new way to navigate the Internet, while establishing the new company as the one to guide users in the right direction. It’s everything to the right of the dot – and beyond.

Taryn Naidu, who has led Demand Media’s domain services business since 2011 will become Chief Executive Officer of Rightside, upon completion of the separation. Additionally, Rightside executive management will include Wayne MacLaurin as Chief Technology Officer and Rick Danis as General Counsel. David Panos will be appointed as Chairman of the Board of Directors and Shawn Colo, Demand Media’s Interim President and Chief Executive Officer, will be appointed as a Director of Rightside in connection with the separation.

“Establishing the leadership team and brand identity of the proposed new company marks an important milestone in achieving our plan to separate our business into two distinct market leaders,” said Demand Media Interim President and Chief Executive Offer Shawn Colo. “I am pleased to announce a very strong executive team led by Taryn. This team has a wealth of industry experience, has played an integral role in building the largest wholesale domain registrar and is driving the transformation of this business into one of the largest end-to-end domain name service providers in the world.”

“Rightside’s mission will be to help millions of businesses and consumers define and present themselves online. We’re able to deliver on this through our distribution network of more than 20,000 active partners, one of the leading domain services technology platforms, a large number of applications for new generic Top Level Domains (gTLDs), and a deep bench of industry talent,” said Taryn Naidu, newly designated incoming Chief Executive Officer of Rightside. “It’s an exciting time for us, as new gTLDs start going live this year and our path to becoming an independent public company as a leader in our industry progresses.”

About Rightside

Rightside plans to inspire and deliver new possibilities for consumers and businesses to define and present themselves online. The company will be a leading provider of domain name services, offering one of the industry’s most comprehensive platforms for the discovery, registration, development, and monetization of domain names. This will include 15 million names under management, the most widely used domain name reseller platform, more than 20,000 distribution partners, an award-winning retail registrar, the leading domain name auction service and an interest in more than 100 new Top Level Domain applications. Rightside will be home to some of the most admired brands in the industry, including eNom, Name.com, United TLD and NameJet (in partnership with Web.com). Headquartered in Kirkland, WA, Rightside will have offices in North America and Europe. For more information please visit www.rightside.co.

About Demand Media

Demand Media, Inc. (NYSE: DMD) is a leading digital media and domain services 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, individuals and businesses to expand their online presence. Headquartered in Santa Monica, CA, Demand Media has offices in North America, South America and Europe. For more information about Demand Media, please visit www.demandmedia.com

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