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Friday, November 30, 2012

Department of Commerce renews VeriSign control of .com registry, demands price freeze

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Department of Commerce renews VeriSign control of .com registry, demands price freeze
Dec 1st 2012, 00:19

Department of Commerce renews VeriSign control of com registrations, demands a price freeze
In many ways, VeriSign has been one of the internet's true arbiters. It's ICANN's official registry operator for .com domains, which lets it determine how (and how much) we pay to get a particularly coveted address. As we're learning, the US Department of Commerce is only comfortable with that state of affairs to a certain point. It just approved a deal renewal that will let VeriSign watch over .com between December 1st this year and November 30th, 2018, but it's requiring that the company drop a previous right to hike registration prices as many as four times, at up to 7 percent, over the length of the term. The current $7.85 price will last unless VeriSign either faces exceptional circumstances or can prove that the market is healthy enough to lift the ceiling. We're sure the business isn't happy when the DOC move dictates how much money it can make, but compulsive domain hunters will enjoy the extra dollars in their pockets.
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Written by Hasloo Network staff.