Tea Party's Website Could Make the Canadian Band $1 Million Thanks to U.S. Political Movement
Published Sep 16, 2011When Eastern-tinged alt-rock outfit the Tea Party formed in 1990, the Windsor, ON-based band never imagined that their name would later be co-opted by a right-wing political movement in the U.S. The group have owned the domain name teaparty.com since 1993, but now, thanks to the political implications, are thinking of selling it for a hefty price.
Unsurprisingly, the website has been getting a lot of misdirected traffic in recent months. If you go there now, a banner at the top of the page reads "No politics...Just Rock and Roll." Should they chose to auction off the domain, Warren Adelman of the web hosting company GoDaddy.com told BusinessWeek [via AUX], "It's easy to expect teaparty.com to go for well over $1 million."
This money would most likely come from one of the Tea Party movement's many wealthy investors or associated political groups, who have already begun making unsolicited bids. But even if the band don't support the movement themselves, they will consider any offers; bassist Stuart Chatwood explained, "We've got families."
Of course, it's always possible that a cheeky liberal group or an opportunistic tea manufacturer could buy it up. "We've considered lending the name to Stephen Colbert or Jon Stewart to have them dispel some of the stuff that the Tea Party says," said Chatwood. "As Canadians, we're somewhat sensitive to all the criticism of socialized medicine."
It might be worth it for the band to hang onto the domain. Although the site has been mostly inactive since the band's breakup in 2005, they reunited for a number of shows this summer and are planning to tour Australia in the new year.
But if it were up to the Velvet Underground's Mo Tucker -- a Tea Party supporter -- she'd probably say sell.