The only surprise was how fast it happened after the comment report was published.
Did you have time to digest ICANN’s staff report on comments about the .com price hike? It was published yesterday. Today, Verisign (NASDAQ: VRSN) and ICANN agreed to the amendment as planned.
The agreement will allow Verisign to increase the price of .com domains by 7% per year in the last four years of each six-year extension. The first price increase would be allowed at the end of October 2020, but Verisign has already stated it won’t raise prices during this calendar year.
Verisign also agreed to pay ICANN an additional $4 million per year for five years beginning January 1, 2021.
© DomainNameWire.com 2020. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.
Go to Source
Author: Andrew Allemann