The owners of MySpace.co.uk have lost the domain after Myspace launched a challenge via Nominet.
Interestingly the domain was registered 6 years before MySpace was invented so how on earth did Nominet rule in favour of MySpace you are probably asking?
The case heard that the domain was an abusive registration which I’ve had experience of trying to resolve in the past. This case (and the case I worked on) both hinged on the fact that the domain was parked and full of PPC ads related to the legitimate domain.
Had the owners of MySpace.co.uk set up a service on the site then it is highly probable that they would have been able to keep the domain for ever, in 5 years time that domain and the site it was on could have been sold for a lot more than whatever they earned in domain parking revenue.