31 Aug '17, 1pm

No $17 million rebate for struggling new gTLDs

No $17 million rebate for struggling new gTLDs Kevin Murphy , August 31, 2017, 13:48:06 (UTC), Domain Registries ICANN has turned down a request for about $17 million to be refunded to under-performing new gTLD registries. The organization cannot spare the cash from its $96 million new gTLD program war chest because it does not yet know how much it will need to spend in future, Global Domains Division president Akram Atallah told registries this week. The Registries Stakeholder Group made the request for fee relief back in March, arguing that the $25,000 per-TLD fixed annual fee each registry must pay amounts to an unfair “burden” that has “hampered their success and put them at a competitive disadvantage”. The RySG proposed that this $6,250 per quarter fee should be reduced to $4,687.50 per quarter for a year, at a cost to ICANN of $16.87 million. The money, they said, sh...

Full article: http://domainincite.com/22053-no-17-million-rebate-for-st...

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