The domain name Ringtones.com has sold for $750K on Sedo or maybe it was just $575K cash with other considerations.
Read on.
The seller was Mobile Streams.
According to an announcement from the seller, CEO Simon Buckingham said:
“Ringtones.com was the domain name that started the Mobile Streams content business.”
“However, as we reinvent the company for the coming wave of open mobile services and apps, we are looking ahead to the exciting opportunities that our new Appitalism.com service presents.
“We want to ensure that the company has the appropriate financial resources necessary to take full advantage of the rapidly growing apps market.”
The company will use funds from the sale to invest in capitalising on the significant opportunities for its new Appitalism.com apps, games, music and eBooks service in 2011.
According to the same story the seller retained the right to use a subdomain which formed part of the consideration:
“”After taking into account a carve-out through which it will retain ownership of specific Latin American Ringtones.com sub-domains for an interim transitional period, the net cash consideration is $575,000.”
Company sells premium generic domain directly related to their business to focus on open mobile services and apps using their new Appitalism.com service.
Worried yet?
Very nice sale, and yes, “all things mobile” is without a doubt THE story of tomorrow. I’m more turned on by social-mobile oriented web concepts than apps (they’re too limited in scope, gimmicky in many ways). Farmville is an excellent example, but is just the tip of the iceberg. Waiting to see social-mobie affinity shopping concepts that go beyond Groupon (too structured) – I, for one, look forward to what tomorrow’s innovators bring to the table.
– CH
I think its a decent price for the domain but especially if the cash portion was only $575K I think the seller could have done better.
Of course if the seller insisted on using certain subdomains for a prolonged period of time that would chase many buyers away deflating the price
That is what may have happened here
So an end user sold rimgtones.com for $750k. Was it a rinkydink end user? Coz if the seller was a serious entity this just tells me that it was easier to make $750k by selling the domain than by selling ringtones for the next few years (at least 3 probably 10)
now all smartphone have a web connection that allows to find music and sounds
ringtones are an old market
“According to the same story the seller retained the right to use a subdomain which formed part of the consideration:
“”After taking into account a carve-out through which it will retain ownership of specific Latin American Ringtones.com sub-domains for an interim transitional period, the net cash consideration is $575,000.”
The above doesn’t make sense NONE of the ringtones.com sub domains listed on Google.com resolve check out G if you are interested.
http://www.google.com/search?hl=en&source=hp&q=%22mexico+ringtones.com%22&btnG=Google+Search&aq=f&aqi=&aql=&oq=&gs_rfai=resolve
example: http://chile.ringtones.com/ringtones.aspx?rttitle=Los+m%C3%A1s+vendidos&cat=Ranking+Argentina
They forfeited $175K for the use of Sth/American sub domains sounds crazy with loss of G/SE traffic.