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."

Comments

Re:Security Reasons.

[MightyMartian]

I'd like to know why, after its nasty stunts, Verisign isn't outright forbidden to have anything to do with .com.

exclusive

[Tachikoma]

what was the last good thing that came out of exclusive control of something?

Where's the increased cost?

[onetwentyone]

They are selling an intangible product. There are no production, R&D, or distribution costs. I can see marketing and bandwidth charges but raising the purchase price by seven percent every four years just doesn't really add up.