Displaying posts under "Domain Registrars"
ICANN is forecasting 15 million new TLD registrations during the current fiscal year.
ICANN has slashed the number of new top level domain name registrations it expects during this fiscal year for budgeting purposes, but is its picture still too rosy?
That’s a question that members of the Registrar Stakeholders group asked ICANN’s board last week in Los Angeles.
In May, ICANN set a draft proposed budget for the 2015 fiscal year, which runs from this July to June 2015. Its revenue forecast from new top level domain names included a startling number of second level registrations under new TLDs: 33 million.
It has since revised the forecast down 55% to just 15 million.
Given results so far, it hardly seems likely that 15 million new domains will be registered in new TLDs before next summer — even if you include registrations occurring before the fiscal year began. There are currently about 2.8 million registrations.
Domain registrars are concerned that they’ll get stuck holding the bag if revenue comes in below target.
New TLD registries pay ICANN a fixed fee of $6,500 per quarter ($25,000 per year). If they have more than 50,000 “transactions” in a year, they pay 25 cents per domain. Transactions are actually domain-years, not registrations, but ICANN’s budget refers to a number of domains registered as an assumption in its forecast. I’m not sure how ICANN calculates this in the budget; they must be assuming a certain number of TLDs cross this threshold.
Should domain registrations come in below forecast, then ICANN will have a revenue shortfall. The easiest place to make that up, the registrars fear, is by increasing the variable registrar fee on domain name registrations. That’s the 18 cent “ICANN Tax” you usually see passed on to the customer.
ICANN’s latest FY2015 budget cites the number of new TLD registrations as a risk factor. In fact, it mentions the risk of a “lower number of transactions per registry” as “high”, and lists the likelihood of a “higher number of transactions per registry” as low.
It certainly seems that ICANN should be planning for a lot fewer registrations than are in its budget.
TopCoin enables registries to pass rebate credits directly to registrants.
I caught up with Michael Blend last night here in Los Angeles. Blend sold his company to Demand Media and was then an executive with the company for many years.
He’s currently working on a number of startups, and one of these is applicable to the domain name industry: TopCoin.
It’s billed as a cryptocurrency for digital goods. Click here to continue reading…
Customer losses stemming from botched transition was rather limited in first month.
ICANN has just published the monthly registry reports for June, the month that Moniker switched to an entirely new platform.
The switch caused numerous problems for Moniker and its customers. But it looks like — at least for the first month — the damage in terms of domain outflows was rather limited. Click to continue reading…
Barge message taunts neighbors across the Hudson.
Earlier today I wrote about the highly anticipated launch of .NYC domain names. GoDaddy is promoting the domain name heavily around New York City, including a big ad on a barge being piloted on the Hudson River.
Here are a couple photos of the barge, taunting New Jersey residents about how New York City has a domain name and they don’t.
In fact, only people who live or own a business in New York City are eligible to register the domain names. GoDaddy and other registrars are offering the domain names for about starting $25 today. Click here to see the pictures
Moniker customer explains some of the security holes that may have led to his domains being stolen, including some introduced by the transition from the old Moniker system to a new platform.
So it is sad to say goodbye to Moniker, and to witness the self-destruction of this company that played such a large role in the development of the domain industry.
So writes Nat Cohen, long time domain name investor and owner of perhaps the best portfolio of three character domains around. He was also one of Moniker’s first customers, a customer since before the registrar was even called Moniker.
What finally prompted Cohen to move his domain names was not Moniker’s initial botched transition from the legacy Moniker system to an entirely new platform. It’s the security holes that came with it. It’s the scary fact that some of Cohen’s names were stolen. Even though he got them back, that’s certainly enough to make anyone look for a new registrar. Click here to continue reading…