Sports.TV yearly renewal is 1million

[sker]

heya guys,

I stumbled accross with this article stated that verisign is charging the registrant of Sports.tv 1 million in annual renewal fee.

The two-letter country code for Tuvalu, an island nation in the Pacific is .tv. This gives Tuvalu a fortuitous country code that it has exploited commercially. Since 1988, the country of Tuvalu has sold the right to issue .tv domain names to private companies that have served as managers/delegees for the government. This was done because of the special value of the .tv extension to domain name owners in the television industry. VeriSign acquired the rights to do this in January 2002 by acquiring .tv Corporation as a wholly owned subsidiary. Interestingly, .tv Corporation has designated certain domain names as premium domain names and offers them at a higher price than other names. For example, sports.tv was given a yearly registration fee of US $1 million, while the fees for boating.tv and sail.tv were set at $750,000 each

more news from http://library.findlaw.com/2003/Jun/30/132842.html


What kind of world is this?

already most of the registrar filed a complaint to ICANN about Verisigns decision to increase .com registration fees by 7% a year.

Guess what? Verisign is an Ebay company.... Rip-off parent raises rip-off kids.

 

[Kate]

What was the original fee ?
If verisign is increasing the fee from say $50 to $1M then it's downright theft...

 

[RareIQ]

WOW.....what the.....................????
Wha.........................?????

 

[JYM]

That's ridiculous. Do they do that to EVER .TV? If so that's just ridiculous....

 

[kemjika11]

the people paying $1m a year for whatever domain .tv are not stupid. they know the worth, and so do the people making the registrationg cost at that.demand and supply.

 

[fonzie_007]

If they were smart, they would go out an buy a super nice .com domain for $1 million, which would only be one year of renewal for sports.tv.