18 Jan '12, 3pm

$85k of your $185k new gTLD app goes to phantom costs

$85k of your $185k new gTLD app goes to phantom costs Wednesday, January 18th, 2012 What should happen to the extra $85,000? When you write that check for $185,000 for your new top level domain application, $85,000 of it is going to rather interesting uses. $60,000 of it will go to a reserve fund for “risk costs”. In other words, lawsuits. $25,000 of it goes to cover historical costs of the new gTLD program. In other words, money that has already been spent. This brings up some interesting questions. First, what happens if the risk costs don’t end up being so much? ICANN says that any “profits” from the program will be put to charitable causes selected by the community. But should they instead by returned to the applicants? And what if the risk costs go to cover particularly contentious applications? Perhaps people who submit easy applications should get a cut back. (Lord ...

Full article: http://domainnamewire.com/2012/01/18/85k-of-your-185k-new...

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