New York Said To Be Guaranteed $3.6 Million For .NYC TLD

According to an article in the New York Times, the city of New York is on the verge of making a deal with a “Virgina based company” that would apply for and operate the gTLD .NYC.

According to the story the city would be guaranteed a to received $3.6 Million over the first 5 years.

“The Virgina based company would pay all costs of the application and the operation of the registry.”

The .NYC registry for the city of New York would be in my opinion a very popular extension and should depending on price, marketing and other factors be highly profitable maybe one of the most profitable of all the new gTLD’s.

While the story does not mention the company, its worth mentioning that Verisign is headquartered in Virgina and for that matter so is Neustar.

Comments

  1. says

    I put .NYC on top of the list of non super generics (.web,.shop) in terms of potential.

    That’s a good deal for both parties.

    I guess Dot NYC LLC (TLDH/M&M) wouldn’t guarantee that kind of dough.

  2. Jets Fan but Hold the .NYC says

    Gee, that’s great for the City, but the only problem that remains is that no one is going to want one. Ok, maybe not NO ONE, but certainly not enough people to pay the city that kind of moolah plus the ongoing icann, insurance, legal, IT and carrying sustinance fees.

    When all finally is said and done and the City has been paid, a .NYC will need to cost 20 times the price of a .com and sales will then rival .coop.

    Go ahead, do the math.

  3. Back in the real World says

    Finance
    Loans
    Mortgages
    Banking
    Brokers
    Stocks
    Wall Street

    Property
    Rentals
    Sales

    Jobs
    Recruitment

    Tourism
    Holidays
    Flights
    Hotels
    Car rental
    Entertainment

    Luxury goods
    Watches
    Clothes
    Cars
    Private jets
    Concierge services

    Just like XXX they will do a deal with a domainer/s for the cream and get 7 figures from the off.

    They wont have to be half as smart as the .Co people when whats left becomes available to the rest of the lesser mortals.

    Not only can I see domainers buying into this, as happens with every new launch it seems, but unlike .Co .NYC has a large potential base of buyers who are the residents.

    .NYC will make money.

  4. New Yorker 1 says

    So let’s say that a whopping 152 people nationwide will actually shell out the $30. I truly think it will be less, but let’s go with the big number.

    That’s nice.

    How are you gonna raise the $3.6 million that was just pledged?

    Don’t mortgage the farm on this one, Clyde.

  5. says

    @G Oh, haha, nice one.. :-)

    I don’t think there’s any chance of my http://www.tl domain getting mixed
    up with the new gTLD’s ‘though. Yes, http://www.tl can appear in a similar
    format (to the new gTLD’s) in the browser bar, and in any promotional
    activity, but mine is a 2 digit country code ext’n and the gTLD’s have (I
    think) to be a minimum of 3 digits long, e.g. .nyc.

    If they want to apply for .tldh ‘though, and pay the $180K+ then they
    have that option… And if they get it, then i’m sure this will be setting
    a good example, in terms of their main area of investment… ;-)

    TLDH are listed in my ‘neck o the woods’, and it will be interesting
    to see how many investors they get, for their .anything purchases,
    now that they are publicly traded.

  6. says

    .TOURISM
    .HOSTING
    .TOUR
    .IL (Illinois)
    .NYC <<<<<<<<<<<<<<<<<<<
    .ID
    .SPAIN
    .SOLUTION
    .INK

    "ICANN will give any unsuccessful bidder from the 2000 round an $86,000 discount on its application fees, provided they apply for the same string they applied for the first time.

    However, like any other applicant this time around, they also have to sign away their rights to sue.

    And the $86,000 discount is only redeemable against one gTLD application, not 118."

  7. says

    @G Oh, haha, nice one.. :-)

    I don’t think there’s any chance of my http://www.tl domain getting mixed
    up with the new gTLD’s, e.g. .nyc, ‘though. Yes, http://www.tl can appear in
    a similar format (to the new gTLD’s) in the browser bar, and in any
    promotional activity, but mine is a 2 digit country code ext’n and the
    gTLD’s have (I think) to be a minimum of 3 digits long; e.g. .nyc.

    If they want to apply for .tldh ‘though, and pay the $180K+ then they
    have that option… And if they get it, then i’m sure this will be setting
    a good example, in terms of their main area of investment… ;-)

    TLDH are listed in my ‘neck o the woods’, and it will be interesting
    to see how many investors they get, for their .anything purchases,
    now that they are publicly traded.

  8. says

    I wonder then if TLDH/M&M is involved. I guess we will know soon enough, they would issue a press release.

    ‘Criteria for proving a presence in New York City include regularly performing lawful activities such as selling goods or services; maintaining an office or other facility in the city for lawful business, noncommercial, educational, or governmental purposes; and/or performing lawful activities outside of the New York City that are primarily directed toward residents, tourists, businesses, or organizations within the city.’

    That is a very broad definition. Verification could be as simple as policing content guidelines. They could do this without cumbersome registration requirements that would otherwise inhibit sales.

  9. Back in the real World says

    When it comes to the right of the dot you really have to seperate in your mind the difference between something being a success for domainers and something just being a success.

    .Co is a success and .NYC will be an even bigger success, although the chances of riding on the back of the success will be limited for anyone here.

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