21 Jun '11, 12am

Disney let's $700m ClubPenguin.com domain name expire: (via @chefpatrick)

Disney let's $700m ClubPenguin.com domain name expire: (via @chefpatrick)

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. Disney purchased ClubPenguin.com in August of 2007 for $700 million, $350 million cash and potentially another $350 million based on performance goals. At the time of purchase ClubPenguin.com had more than 12 million members with roughly 700,000 of them paying $57.95 per year. Do the math, that is over $40 million per year in revenue. You would think with this kind of revenue Disney would have renewed their domain name for ten plus years and or set it up on auto renewal. Instead, on June 13th the domain name expired and today the website went down. The website has been down for over 8 hours! By tomorrow Disney will have the domain name renewed and millions of children will be playing their favorite game again, but I am sure some Disney executive is getting ripped a new ...

Full article: http://www.chefpatrick.com/disney-spends-700-million-for-...

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