The mobsters in “The Godfather,” when the opposition starts to play rough, “go to the mattresses.“  That is to say they gather for protection without regard to missing dinner with their other families.  If the International Olympic Committee (IOC) is to be believed, it has placed an order for the beds to be delivered.

In a letter of protest to ICANN, the Olympic governing body has told the Internet governing body to obey the rules or face a lawsuit.

This is all a bit over-heated.  We are only at stage two — maybe half-way — in the process for rolling out new gTLDs.  The current revised RFP will lead to a second revision before a final is issued, likely by the end of September.  Of course, ICANN will incorporate brand and trademark protections.  It knows on which side its bread is buttered.  And, it responds to the threat of lawsuits.

But the noise obscures an essential point.  There is real value in the new domains and their names.  There are new businesses to be built.  There are global, commercial communities to form and rally.  And there are existing consumer-facing companies that can accelerate their one-to-one marketing.

It is the last that deserves a bit more attention.  If .amex or .wells or .pge existed, American Express, Wells Fargo and Pacific Gas & Electric could use the domain to create a web presence for each of their customers.  Sure, they could build it off their .com address, but the ability to integrate all their digital initiative in one place that is branded as tightly as those extensions are is a potential value wrong to overlook.

The rights of brand and trademark holders at the second and third levels, like Wells.bank or Amex@credit.card need to be sorted out.  But there is real money to be made.  Forget the mattresses; everyone will get a better night sleep if a deal is struck.