Last.fm bought by CBS

[Joseph]

Social music site Last.fm has been bought by US media giant CBS Corporation for $280m (£140m), the largest-ever UK Web 2.0 acquisition.

Link

 

[BinderGang]

Just about to post this.

This shows, once again, that any domain has value depending on what you do with it. DEVELOP. DEVELOP. DEVELOP.

 

[DN]

Big money, great example!
I like such news

 

[.jd.]

Big money, great example!
I like such news

I couldnt agree more, deving is one of the most inportant thing, you can do with a domain

 

[Sameh]

Great for .fm TLD

Im still holding on pink.fm

 

[acronym007]

I know, this is great news and for a .fm who would of thunk it??? LOL Great news, it shows that there is really so much more room for all of us to grow. Imagine, if we pulled some resources together.

 

[xman]

That's a great news for ccTLD holder. I couldn't believed when I saw the sale price of that domain.

What's going to be the next big sale? dot AM maybe?

It may happen with dot AM with 2 letters....LOL

 

[nrmillions]

its not good news for .fm just because a huge company had a .fm and sold their business. Any domain name in any extension can be worth a fortune if you build it into a site that generates millions of visitors per month like last.fm did. With proper development and major venture capital funding you dont need a generic name to get traffic and a generic name doesnt usually look the best. Most top websites are not generic .coms that describe their business. Google.com is worth way more than SearchEngine.com and Ebay.com is worth way more than Auctions.com. This shouldnt be considered a sale of a domain name, it is a sale of a company. I wouldnt go out and buy up a bunch of .fm names unless you plan on developing it with serious funding.

 

[acronym007]

It is great news, regardless if this was a company or not, there is no way to separate the company from it's name which is Last.FM . The company name is last.fm so it's not just a business, it's a internet business, an ecommerce business not brick and mortar. It will bring attention to the fact that other tld's exist where many do not know they even do exist. It will raise eyebrows that the internet is alive and vibrant. How can this not be good? Is this just a business? How many people have gone to the last.fm building? See, it's more, way more and this is just as important as anything else, a step in our industry's evolution. Trust me when I say this, people in big business take notice when million dollar domains are sold. So while this sale is not for just for a domain name it is company formed around a domain name which marks much room for expansion in our business. There's room for growth outside of .com, there's room for all of us. Don't go out and buy a .fm because of this sale but be positive your ccTLD has allot of potential with the right development.

 

[Sameh]

It is great news, regardless if this was a company or not, there is no way to separate the company from it's name which is Last.FM . The company name is last.fm so it's not just a business, it's a internet business, an ecommerce business not brick and mortar. It will bring attention to the fact that other tld's exist where many do not know they even do exist. It will raise eyebrows that the internet is alive and vibrant. How can this not be good? Is this just a business? How many people have gone to the last.fm building? See, it's more, way more and this is just as important as anything else, a step in our industry's evolution. Trust me when I say this, people in big business take notice when million dollar domains are sold. So while this sale is not for just for a domain name it is company formed around a domain name which marks much room for expansion in our business. There's room for growth outside of .com, there's room for all of us. Don't go out and buy a .fm because of this sale but be positive your ccTLD has allot of potential with the right development.

Totally agreed ... great post.

You said what i wanna say even way more.

I wanna add to your post that .fm not like other CCtlds .. it's more like a business ( related to radio ) .

Did you noticed that 95% (if not 100%) of .tv attraction back to how it's related to Television ? every successful .tv sale will result in increasing these points :
A) .tv domains value.
B) .tv holders hope for a good sale themselves.
C) attract more people into buying or using .tv domains.
D) more type-in visitors to parked .tv domains.
E) More benefits im sure.