news ICANN Enters into .net Contract Extension with Verisign

[News]

On Thursday, ICANN executed a renewal of a contract extension with Verisign (NASDAQ: VRSN) for running the .net registry. It extends the agreement to June 30, 2029.

The renewal allows ICANN to increase wholesale prices by 10% a year, over the objections of many people who submitted comments regarding the deal. The current wholesale price is $9.92, and the new agreement gives Verisign the right to increase prices to $19.31 at the end of the six-year term.

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[Samer]

What a shame.

 

[mdent]

$20 .net by 2030, wasn't it like $4.5 in 2010? Crazy.
Actually increasing .net regs 10% every year would be tantamount to suicide.

 

[Joe123]

I'm sure:
a) ICANN conducted a comprehensive, independent contract review including open market bidding.
b) Verisign proved to ICANN the option to increase wholesale prices annually was essential and best for ALL industry stakeholders.
c) I saw Elvis selling unicorns at this morning's farmers market.