According to a press release from Verisign, effective October 1, 2008, the registry fee for .com domain names will rise from $6.42 to $6.86 and the registry fee for .net domain names will increase from $3.85 to $4.23.
This should come as no surprise to those who follow what’s been happening in the domain name industry over the last few years. Just this past October, a similar price increase went into effect, raising the registry fee for a .com from $6.00 to $6.42. Other registries followed suit raising prices across the board for generic top-level domains.
Elliot Noss, Tucows CEO and President called it “a dark day in Internet history.” At the same time, he predicted perfectly what would happen in 2008, saying, “Worse, this now signals a near-annual event that will take place in all major gTLDs. It is simply wrong.” You can read the full text here.
If history is any indication, we can expect other registries to announce similar fee increases.