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ICANN and VeriSign End Long-Standing Dispute

     

engine

11:55 am on Oct 25, 2005 (gmt 0)

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WASHINGTON (Reuters) - VeriSign Inc. said on Monday it would maintain control of the lucrative ".com" Internet domain until 2012 in return for dropping an antitrust lawsuit against the nonprofit body that oversees the Internet's addressing system.

Agreement reached between ICANN & Verisign [today.reuters.com]

ICANN [icann.org]

novice

3:53 pm on Oct 25, 2005 (gmt 0)

10+ Year Member



Hopefully VeriSign won't try and start up their typo-squatting sitefinder website again.

Marc_P

4:42 pm on Oct 25, 2005 (gmt 0)

10+ Year Member



I think this settles it. Versign sued ICANN because in their opinion ICANN was preventing them from "competing". They were laughed out of court. Basically under this agreement they drop the lawsuit and get to maintain control over the dot com tld for many years to come.

I assume that since they dropped the lawsuit, they also abandoned the idea of typosquatting.

AhmedF

10:10 pm on Oct 25, 2005 (gmt 0)

10+ Year Member



Forget typosquatting. They can increase price by 7%. Feasability studies show that the registrar can operate at $2 per domain and still make a profit. How can it be that I am the only one here that finds it beyond disgusting that a corporation is given exclusive control of the .com and the ability to increase the price when they are already pulling in 9 figure profits off of this monopoly.

davezan

10:33 pm on Oct 25, 2005 (gmt 0)

10+ Year Member



Note these tidbits from their "agreement" [icann.org]:

(d) Maximum Price. The Maximum Price for Registry Services subject to this
Paragraph 7.3 shall be as follows:

(i) from the Effective Date through 31 December 2006, US$6.00;

(ii) for each calendar year beginning with 1 January 2007, the smaller of
the preceding year's Maximum Price or the highest price charged during the
preceding year, multiplied by 1.07.

[...]

(g) Maximum Price does not include ICANN Registry-Level Transaction Fee. The
Maximum Price does not include, and shall not be calculated from a price
that includes, all or any part of the ICANN Registry-Level Transaction Fee
set forth in Section 7.2(d) or the Variable Registry-Level Fee set forth in
Section 7.2(e), above, or any other per name fee for new and renewal domain
name registrations and for transferring a domain name registration from one
ICANN-accredited registrar to another.

(h) Collection of ICANN Registry-Level Transaction Fee from registrars.
Commencing on 1 January 2006, in addition to charging an amount not to
exceed the Maximum Price, Registry Operator may also invoice and collect
from each ICANN accredited registrar an additional amount not to exceed the
ICANN Registry-Level Transaction Fee set forth in Section 7.2(d) or the
Variable Registry-Level Fee set forth in Section 7.2(e), above, or any other
per-name fee for new and renewal domain name registrations and for
transferring a domain name registration from one ICANN accredited registrar
to another, that Registry Operator is obligated to pay to ICANN based on
Registry Operator's sale of Registry Services to that registrar.