Interesting profile of the man who’s application for the .xxx domain extension has got the porn industry seeing red, in Business Week:
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The Internet has made Stuart Lawley a wealthy man. In 1999 he got rich by taking a British Internet service provider public. The London Sunday Times has named him one of the 1,000 richest people in Britain.
Now he’s poised to make his next fortune selling Internet addresses to pornographers. Late last month the Internet Corporation for Assigned Names and Numbers (ICANN), an international body that manages Web addresses around the world, gave preliminary approval for Lawley’s application to be the sole registry of Internet domains that end in dot-xxx.
If Lawley’s bid is approved—ICANN’s next board meeting is in December—he says his company, ICM Registry, stands to bring in $200 million a year selling Web addresses at $60 a pop. That’s six times the going rate for dot-com and dot-net addresses, but in line with niche domains such as dot-travel and dot-jobs.