Nineteen Registrars Decry ICANN Arrangement
hpcanswers writes "ICANN, the governing body for Internet domain names, recently gave VeriSign exclusive control of the top-level .com domain until 2012. Now, nineteen registrars, including GoDaddy and Network Solutions, have petitioned ICANN to reconsider on the basis that VeriSign will most likely increase registration fees. A few of the registrars have also asked the US Department of Commerce to veto the deal." From the article: "The new deal permits VeriSign to increase the price of domain name registrations by 7 per cent in four of the next six years. In the two remaining years, VeriSign will only be able to raise prices if it can show the rises are necessary for security reasons. It also gives VeriSign a presumptive right to renewal of the .com registry, on the proviso that it complies with certain aspects of the agreement."
The President and Founder of GoDaddy blogged about this a few days ago.
"The fact that this deal was approved is a loud signal that major changes are needed at ICANN. If we don't take this opportunity and step up and replace the incredibly inept leadership at ICANN, it will go a long way in providing the United Nations with the ammunition it needs to begin taking control of the Internet."
http://www.icann.org/topics/vrsn-settlement/board
"First, while some opposed the new registry agreement because of the terms of the "renewal" clause, in truth, the renewal clause in the new agreement is little changed from the 2001
Greed?
I checked the site, they have apparently been sold to Pivotal Equity Group from Verisign.
.com domains and sets up a centralized whois as per the agreement, then Verisign could monitor Whois to see which expiring domains to grab, and it can preempt even Network Solutions to grab those domains, so I NetSol has as much to lose as any other registrar.
If Verisign gets pre-emptive renewal of