- Impact
- 5
Hello everyone.
Just wanted to let everyone know that the Music.mobi has been settled. As you may all well know I took both the mTLD and Sedo to court and served them with an injunction and a lawsuit. During the last 4-5 weeks my lawyers have been in negotiations with the dotMobi mTLD in light of their final resolution proposal which required me to pay $616,000 for the name.
I can not disclose the amount paid to the mTLD but it is in the 6-figures and additionally entertainment.mobi was also bought, paying full-price in accordance to the mTLD final proposed resolution. The transfer of both music.mobi and entertainment.mobi was a mixture of final mTLD resolution proposal and an undisclosed settlement agreement. We agreed on the mTLD's first settlement proposal and they would not negotiate downwards despite my efforts to lower the settlement final price. It was time to move on, close the Sedo Auction III chapter and start developing the domain.
Everything was finalized yesterday and my legal proceedings in Washingtone DC have been settled and finalized. I would like to thank my lawyers Paul Farkas and Eric Mernhart for putting together a great case as well as Andres for his efforts on this table, Chris, Paul, Erwin and last but not least Alvaro for all of his efforts.
In regards to plans of development, I am already working on the mobile implementation. Mobile music is expected to grow to $17.5 billion by 2012 so it is looking very bright for music.mobi. It will be predominantly an advertising-supported model. Following a 360 degree model music.mobi will enable artists to name their price or opt-in and rev-share in ads while giving out their music for free. Additional services will include merchandising, licensing, ticketing and musician session hiring.
Entertainment.mobi will serve as a different service provider for consumers. It will consist of music, TV, videos, movies, games, sports, events and entertainment news.
I will keep you all posted.
Just wanted to let everyone know that the Music.mobi has been settled. As you may all well know I took both the mTLD and Sedo to court and served them with an injunction and a lawsuit. During the last 4-5 weeks my lawyers have been in negotiations with the dotMobi mTLD in light of their final resolution proposal which required me to pay $616,000 for the name.
I can not disclose the amount paid to the mTLD but it is in the 6-figures and additionally entertainment.mobi was also bought, paying full-price in accordance to the mTLD final proposed resolution. The transfer of both music.mobi and entertainment.mobi was a mixture of final mTLD resolution proposal and an undisclosed settlement agreement. We agreed on the mTLD's first settlement proposal and they would not negotiate downwards despite my efforts to lower the settlement final price. It was time to move on, close the Sedo Auction III chapter and start developing the domain.
Everything was finalized yesterday and my legal proceedings in Washingtone DC have been settled and finalized. I would like to thank my lawyers Paul Farkas and Eric Mernhart for putting together a great case as well as Andres for his efforts on this table, Chris, Paul, Erwin and last but not least Alvaro for all of his efforts.
In regards to plans of development, I am already working on the mobile implementation. Mobile music is expected to grow to $17.5 billion by 2012 so it is looking very bright for music.mobi. It will be predominantly an advertising-supported model. Following a 360 degree model music.mobi will enable artists to name their price or opt-in and rev-share in ads while giving out their music for free. Additional services will include merchandising, licensing, ticketing and musician session hiring.
Entertainment.mobi will serve as a different service provider for consumers. It will consist of music, TV, videos, movies, games, sports, events and entertainment news.
I will keep you all posted.
