Why .icu and .cyou renewal prices have skyrocketed ?

[DNSSEC]

Recently discovered part of the short bit. icu and. cyou has become a premium, and the renewal price of these domains, which used to be only $5 to $8 a year, is now $95 or more than $700 a year. Is it normal for the Registry to adjust renewal prices significantly? The Registry website is shortdot.bond.

 

[pb]

Unfortunately it's "normal" for registries to change prices on a whim, that's why it's best to avoid so-called "new gtlds", because the majority of them have no idea what they're doing.

 

[LoveCatchyDomains]

Unfortunately it's "normal" for registries to change prices on a whim, that's why it's best to avoid so-called "new gtlds", because the majority of them have no idea what they're doing.

There was a review and/or tutorial on the web a while back that had alerted readers to this possibility. It's seems that some of these new extensions have far greater latitude to do price increases, separate from ICANN control. Aren't some of these companies private registries with no oversight by ICANN?

 

[jmcc]

There was a review and/or tutorial on the web a while back that had alerted readers to this possibility. It's seems that some of these new extensions have far greater latitude to do price increases, separate from ICANN control. Aren't some of these companies private registries with no oversight by ICANN?

All gTLD registries have ICANN oversight and have signed contracts with ICANN. The registries can increase the renewal costs whereas the .COM./NET contracts are much more restricted on price increases. That premium designation is a problem for some registrants who had been naive enough to think that the new gTLDs were like the legacy gTLDs.

Regards...jmcc