The tiny, financially strapped Pacific Island nation of Tuvalu has cashed in on the alphabetic quirk that assigned it with the ubiquitous ".tv" Internet country code.
Published:
18 April 2000 y., Tuesday
DotTV has agreed to pay Tuvalu $50 million in royalties over the next decade for use of the country code. The Internet start-up intends to sell the rights to Web addresses ending in ".tv," such as www.abc.tv or www.lawandorder.tv. "It's the most recognizable two-letter symbol on the planet," DotTV chief Lou Kerner said. "When you marry 'dot' with 'TV,' you become something very meaningful on the Internet." In a test earlier this week, Kerner said, he sold 200 Internet names ending in ".tv" for about $300,000. The record price for an Internet address is $7.5 million, paid by a Texas company last year for www.business.com. DotTV's minimum quarterly payment of $1 million to Tuvalu--nine atolls located halfway between Hawaii and Australia-- will be the single- largest source of income for the nation of 10, 600. "We were very, very, very poor, but now we are getting some money from the marketing of assets like dot-tv," said Koloa Talake, a member of Tuvalu's parliament who helped negotiate the deal.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »