Minds and Machines Gets ICANN Approval, Completes ICM Registry Acquisition

Minds and Machines Gets ICANN Approval, Completes ICM Registry Acquisition

SANTA MONICA, Calif. — Minds and Machines Group Ltd. said in a regulatory filing today that it received approval from ICANN and has completed its purchase of ICM Registry, which operates the registry for the .xxx, .porn, .sex and .adult gTLDs.

Minds and Machines, a publicly traded company on the London Stock Exchange, provides registry services for about 100 niche gTLDs. It signed a purchase agreement with ICM Registry in early May.

With the ICM Registry acquisition, Minds and Machines paid $10 million in cash and issued 225 million new ordinary shares for the company.

For the 12 months ending Dec. 31, ICM Registry reported net sales of $7.27 million and net income of $3.5 million, from about 100,000 registrations, according to the regulatory filing.

In 2017, approximately 78 percent of revenue was renewal based and approximately 14 percent was generated from premium sales, the filing said.

In a statement, Toby Hall, CEO of Minds and Machines, said: "Our strategy is to a build a strong, annuity-based business founded on recurring revenues that will allow us to scale through a combination of acquisition, innovation and organic growth.”

“The ICM acquisition accelerates the significant progress already made from our existing portfolio and firmly positions us as one of the leading operators in our sector,” he said. “Not only will ICM deliver scale, strong recurring revenues and positive working capital; it also provides us with more geographical diversification, as their revenues are primarily derived from the U.S. and Europe.”

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

BranditScan Names Subgirl Newest Brand Ambassador

BranditScan has named content creator Subgirl its newest brand ambassador.

Arcom Reports Age Verification Enforcement Actions Against 5 Adult Sites

French media regulator Arcom released a statement Tuesday detailing recent actions to enforce age verification rules as set forth under France’s Security and Regulation of the Digital Space (SREN) law.

Pineapple Support, Clips4Sale to Host Performers' Partners Support Group

Pineapple Support and Clips4Sale are hosting a free online support group for partners and family members of adult industry professionals.

FSC Mourns the Loss of Board Director Emeritus Mark Kernes

Free Speech Coalition has released a statement regarding the passing of Board Director Emeritus Mark Kernes.

Alexa Creed Launches New Paysite

Creator Alexa Creed has launched a new membership site through MyMember.site.

Choice Talent Management Launches Fan Platform 'ChoiceFilmz'

Choice Talent Management CEO Chris Crisco has launched a new fan platform called ChoiceFilmz.

Dredd to Launch Official Site

Dredd has announced his new website OfficialDreddXXX.com, launching April 20.

New Pleasure Product Review Site 'ToyChats' Launches

ToyChats.com, a pleasure product review and discussion site, has officially launched.

AEBN Reveals Jade Venus as Top Trans Star for Q1 of 2025

AEBN has named its top trans stars for the first quarter of 2025, with Jade Venus landing atop the leaderboard.

SexLikeReal Debuts 'AI Passthrough' for Livestreaming

SexLikeReal has introduced “AI Passthrough” for VR livestreaming.

Show More