Ceres
New Member
The Academy of Motion Pictures Arts and Sciences received a communication from an India-based company regarding the domain Oscars100.com. As you probably know, the Academy runs the well-known annual Academy Awards, aka the Oscars.
A representative of 007 Promotions stated that it was auctioning the domain to the highest bidder, and that the buy-it-now price was $25 million (hey, that's all? ). Has any domain name ever sold near that price?!
As the Academy Awards will enjoy its 100th anniversary in 19 years times, the company thought the domain might be of interest. Unbelievably, the representative threatened...I mean stated:
The Academy's response was to file a lawsuit at a U.S. court under the Anticybersquatting Consumer Protection Act.
You can read more via the Legal Times.
A representative of 007 Promotions stated that it was auctioning the domain to the highest bidder, and that the buy-it-now price was $25 million (hey, that's all? ). Has any domain name ever sold near that price?!
As the Academy Awards will enjoy its 100th anniversary in 19 years times, the company thought the domain might be of interest. Unbelievably, the representative threatened...I mean stated:
We must remind you that we cannot be responsible for the alternative uses that it may be acquired for, Gambling, ADULT INDUSTRY, or otherwise
It is our belief that if this Site comes into the hands of unscrupulous users, it may ?tarnish? the image of the Oscars if it is abused.
The Academy's response was to file a lawsuit at a U.S. court under the Anticybersquatting Consumer Protection Act.
You can read more via the Legal Times.