[governance] Billion-dollar Domain Industry

[Jeffrey A. Williams]

Yehuda and all,

  Your only about 15 days behind the curve.

Yehuda Katz wrote:

> Billion-dollar Domain Industry
> July 8th, 2008
> by  Michael Lawrence
>
> http://www.domainpulse.com/2008/07/08/billion-dollar-domain-industry/
>
> The latest ICANN plan to allow the global populace to assemble an entire domain
> name like www.yourname.yourname as their free-choice is a revolutionary and
> timely decision. This now open doors to cyber-brands such as my.ibm,
> hotel.chicago, it.jobs, play.poker, fly.usa or go.dell and applicants will
> submit a non-refundable fee of US$100 - 500 000 for each name idea and the
> businesses are already jumping to get started.
>
> A new study estimates that this new registration process would create US$33
> billion in fees in the first three years. The prime beneficiaries will be
> ICANN, which operates as a not-for-profit organisation, but it still would have
> to deliver a highly structured, high speed service and meet global needs.
>
> Real beneficiaries
>
> Other big recipients will be the worldwide domain registrars and highly
> specialised experts and lawyers, while the cascading revenues will go to IT and
> web support organisations. The public at large will become the real
> beneficiaries as a billion new users will come online, millions of new
> interactive gateways will open and thousands of new global brands will emerge.
> This will make a global impact and bring a new face to the global e-commerce.
> The study also points out how in countries around the world, new national clubs
> of overnight billion-dollar domain name owners will emerge, all fueling the new
> global race.
>
> In contrast, for over a decade, and after toying with nickel-and-dime
> registration fees and fighting over domain names, this mature approach will
> alter the domain name perceptions for the global business community, as by and
> large, domain names have been the most grossly overlooked aspect of a name
> identity assumed to be only to be handled by junior programmers and web
> designers.
>
> The new registration process has built-in controls and gone will be the days
> when billion dollar businesses were on their hands and knees when some kid had
> their domain name squatted for a nickel and had the capability to pull the
> corporate strings. In those earlier days, at US$70 per domain name, up to a
> million names per day were being registered. The success was so huge that
> VeriSign ended up being sold for US$22 billion.
>
> Original article : http://www.bizcommunity.com/Article/196/16/26138.html
>
> ---
>
> -30-
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Regards,

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