30 Nov '14, 11am

JointVentureNEWS While the debate continues as to whether most new gTLDs are a sound long-te... #gTLDJointVenture

Now, like the proverbial gift that keeps on giving, ICANN has received a total of an additional $28.5 million in proceeds from its own “last resort” auctions held prior to November. And that total, equal to about eight percent of all new gTLD application fees, came from a mere eight gTLDs! The three highest bids were Dot Tech’s $6.8 million bid for .Tech; Fegistry’s $5.6 million for .Realty; and Outer Orchard’s $5.1 million for .Salon. Meanwhile, Amazon spent a total of $6.8 million for two gTLDs, .Buy and .Spot. And the money continues to accumulate, with Dish DBS having just plunked down $700,000 for .Dot. That was just one of five ICANN-conducted gTLD auctions scheduled for November, although the others were settled privately pre-auction. And the gTLDs currently scheduled for December are names that could each readily attract seven figure bids — .Baby, .Basketball, .Cas...

Full article: http://www.domainnews.com/icann-new-gtld-auction-proceeds...

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