..i doubt the owners of festivalnet.com/org/us/biz would want it.. if you are the owner - you simply dont need it as long as you have .com/org.. in fact there's no good reason to keep renewing .us/biz/etc too
There may be some value in the domain from an SEO perspective, as it is aged and may have some links to it. However, the domain name itself is pretty weak.