Once upon a time there was a lawsuit between ICANN and Verisign. Last year, in an effort to settle that suit ICANN sold out all domain registrants in the .com/.net name space. Every mom, every pop, every company that holds a domain name had no say in the matter. ICANN basically said to Verisign: "We agree to let you hose the masses if you stop suing us".
I don't necessarily mind paying more for domains so much as I mind the money going to a monopolistic regulator which has historically had little regard for the registrants/registrars it should be serving.
Here's to hoping some oversight branch of government gets the vision and the courage to thoroughly investigate the machinations that led to the ICANN/Verisign contract renewal.
Somebody needs to protect the rights of the registrants which built and marketed the .com name space through years of toil, blood, sweat and tears. Versign acts like a monopoly .. I see them as the Pigs and all domain-registrants collectively as the Horse in Orwell's fable. There is no freedom without justice and the machinations that led to this contract renewal certainly feel like a great injustice to registrants of the .com / .net space.
To All Registrars,
VeriSign, Inc. and it's wholly owned subsidiaries ("VNDS") is hereby notifying all registrars of a fee change for .com and/or .net domain names effective October 15, 2007. In accordance with our contract, ICANN has already been notified. Details as follows:
1. VNDS' fee for each annual increment of a new and renewal .com domain name registration and for each transfer of a .com domain name registration from one ICANN-accredited registrar to another will be US $6.42, exclusive of any ICANN Variable Registry-Level Fee (as defined in the .com Registry Agreement) or any other ICANN fee;
2. VNDS' fee for each annual increment of a new and renewal .net domain name registration and for each transfer of a .net domain name registration from one ICANN-accredited registrar to another will be US $3.85, exclusive of any ICANN Variable Registry-Level Fee (as defined in the .net Registry Agreement) or any other ICANN fee.
Except for the above-described fee changes, all other terms of the relevant agreements (.com and .net Registry Agreements and Registry-Registrar Agreements) remain unchanged.
Please contact the Customer Affairs Office at xxx@XXXXXXXXXX.com if you have specific questions regarding this notice.
Director, Customer Support