Tea Party (the Band) Could Get Rich Over Domain Name

Rockers' website name may fetch $1M—if they decide to sell it
By John Johnson,  Newser Staff
Posted Sep 17, 2011 10:09 AM CDT

(Newser) – An obscure group of Canadian rockers made an unintentionally savvy business decision in 1990: It picked the name Tea Party and created a website. Which is why if you go to TeaParty.com, you'll find no small-government rants, just band information, explains BusinessWeek. The domain name would probably fetch about $1 million today, but band members—who broke up six years ago and reunited recently for a few tours—aren't sold on selling.

“As Canadians we’re somewhat sensitive to all the criticism of socialized medicine," one band member tells the magazine. “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." Better yet, they'd be happy to sell to someone who leans left and has deep pockets, like George Soros or Arianna Huffington. Whatever happens, they'll need to decide fast before interest wanes, and they've ruled nothing out. "We've got families," says the band member. (Read more Tea Party stories.)

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