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Department of Commerce renews VeriSign control of .com registry, demands 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.
Filed under: Internet
Source: The Next Web
Original Link: http://www.engadget.com/2012/11/30/department-of-commerce-renews-verisign-control-of-com-registrations/
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget