29 Dec '13, 2pm

Shocking; ICANN May Make Money Off The New gTLD Program

ICANN released its 1st quarterly financial statement, as Domainincite.com , pointed out, ICANN has spent $119.2 million of its original $344.9 million program budget (which comprises application fees net of refunds).” “As of September 30, it still had $225.7 million in cash dedicated to the program, which is accounted for separate to ICANN’s regular operating budget.” ICANN completed the initial evaluations of (IE) of the 1930 applications in August. One can argue that ICANN therefore has completed the heavy lifting, its work in opening the programing and processing the applications. Objections are a separate matter which carry separate fees. ICANN does have a $108.9 million “risk reserve”, for lawsuits and other potential legal liabilities but as of publication I’m not aware of any lawsuit filed against ICANN over the new gTLD program by applicants or non-applicants. Ther...

Full article: http://www.thedomains.com/2013/12/29/shocking-icann-may-m...

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Shocking; ICANN May Make Money Off The New gTLD...

thedomains.com 29 Dec '13, 4pm

ICANN released its 1st quarterly financial statement, as Domainincite.com , pointed out, ICANN has spent $119.2 million of...

Shocking; #ICANN May Make Money Off The New gTL...

thedomains.com 29 Dec '13, 11pm

ICANN released its 1st quarterly financial statement, as Domainincite.com , pointed out, ICANN has spent $119.2 million of...

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