Changes

==History==

==History==

In 1998, the government of Tuvalu received proposals from [[Jason Chapnic]], a Canadian entrepreneur and president of Information.ca and [[Antony Van Couvering]], former president of [[NetNames]] and current CEO of [[Minds + Machines]] to make .tv ccTLD profitable. The Tuvalu government selected Chapnic's proposal because he offered many promises. At first, the price for .tv domain names was set at $1000 per year and $500 for renewals. Chapnic failed to deliver the $50 million upfront payment he promised to the Tuvalu government. In 1999, the Tuvalu government agreed to license .tv ccTLD to Idealab, a capital investment firm based in California that was brought in by Chapnic.  Under the license agreement, Idealab (.tv Corporation International) agreed to pay $1 million per quarter adjustable for inflation to the Tuvalu government with a $50 million cap within 12 and a half years and 20 percent equity in the company.<ref>[http://www.hybriddomainer.com/2011/02/the-history-of-the-dot-tv-extension.html The history of the Dot Tv extension]</ref>

In 1998, the government of Tuvalu received proposals from [[Jason Chapnic]], a Canadian entrepreneur and president of Information.ca and [[Antony Van Couvering]], former president of [[NetNames]] and current CEO of [[Minds + Machines]], to make the .tv ccTLD profitable. The Tuvalu government accepted Mr. Chapnic's proposal. At first, the price for .tv domain names was set at $1,000 per year and $500 for renewals. However, Mr. Chapnic failed to deliver the $50 million upfront payment he promised to the Tuvalu government. In 1999, the Tuvalu government agreed to license the .tv ccTLD to [[Idealab]], a capital investment firm based in California that was brought in by Chapnic.  Under the license agreement, Idealab (.tv Corporation International) agreed to pay $1 million per quarter adjustable for inflation to the Tuvalu government with a $50 million cap within 12 and a half years and 20 percent equity in the company.<ref>[http://www.hybriddomainer.com/2011/02/the-history-of-the-dot-tv-extension.html The history of the Dot Tv extension]</ref>

On December 31, 2001, Verisign acquired .tv Corporation International. Under the purchase transaction, Verisign paid $45 million in cash plus $1 million contribution on the first quarter of 2001. Verisign will also pay around $7-10 million in deferred revenue..tv Corporation International will continue to serve as the country manager/delegee of the government of Tuvalu for .tv strings.<ref>

On December 31, 2001, Verisign acquired .tv Corporation International. Under the purchase transaction, Verisign paid $45 million in cash plus $1 million contribution on the first quarter of 2001. Verisign was also to pay around $7-10 million in deferred revenue. .tv Corporation International will continue to serve as the country manager/delegee for the government of Tuvalu for .tv.<ref>[http://www.prnewswire.com/news-releases/verisign-acquires-the-tv-corporation-75291122.html VeriSign Acquires The .tv Corporation]</ref> Tuvalu earned $10 million in the transaction. Verisign entered a new license contract with Tuvalu for 15 years and agreed to pay the government $2.2 million per year plus 5 percent on all revenue on top of $20 million sales per year until the expiration of the contract on December 31, 2016. Verisign offered registrations for .tv domain names for $50, with a minimum of a two year contract. <ref>[http://www.hybriddomainer.com/2011/02/the-history-of-the-dot-tv-extension.html The history of the Dot Tv extension]</ref>  

[http://www.prnewswire.com/news-releases/verisign-acquires-the-tv-corporation-75291122.html VeriSign Acquires The .tv Corporation]</ref> Tuvalu gained $10 million on the transaction. Verisign entered a new license contract with Tuvalu for 15 years and agreed to pay the government $2.2 million per year plus 5 percent on all revenue on top of $20 million sales per year until the expiration of the contract on December 31, 2016. Verisign offered registrations for .tv domain names for $50 for a minimum of two years contract. <ref>

[http://www.hybriddomainer.com/2011/02/the-history-of-the-dot-tv-extension.html The history of the Dot Tv extension]</ref>  

In 2006, Verisign partnered with [[Demand Media]] to market the .tv domain space as the best choice for rich media content websites.<ref>

In 2006, Verisign partnered with [[Demand Media]] to market the .tv domain space as the best choice rich media websites.<ref>

[http://www.webhosting.info/news/1/verisign-and-demand-media--to-promote-.tv-domain-names-_1214066304.htm VeriSign and Demand Media to Promote .tv Domain Names]</ref>

[http://www.webhosting.info/news/1/verisign-and-demand-media--to-promote-.tv-domain-names-_1214066304.htm VeriSign and Demand Media to Promote .tv Domain Names]</ref>

On July 2010, Tuvalu Finance Minister Lotoala Metia expressed that his government is dissatisfied with its contract with Verisign. In an interview with Radio New Zealand International the Finance Minister said, ''"We are negotiating but we are tied because of the agreement that was signed before us. We cannot negotiate for an increase until 2016. Counter offers have been made but they are not acceptable to the government of the day. So we have to stick to our guns now. They’re giving us peanuts."''<ref>

In July, 2010, Tuvalu Finance Minister Lotoala Metia said that his government is dissatisfied with its contract with Verisign. In an interview with Radio New Zealand International the Finance Minister said, ''"We are negotiating but we are tied because of the agreement that was signed before us. We cannot negotiate for an increase until 2016. Counter offers have been made but they are not acceptable to the government of the day. So we have to stick to our guns now. They’re giving us peanuts."''<ref>[http://domainincite.com/tuvalu-not-happy-with-verisign-deal/ Tuvalu not happy with VeriSign deal]</ref> Verisign offered to pay additional $1 million per year to Tuvalu with a condition that it will continue to serve as the registry operator of the domain name. Tuvalu turned down the offer.<ref>[http://domainincite.com/more-details-on-the-tuvalu-verisign-deal/ More details on the Tuvalu-VeriSign deal]</ref>

[http://domainincite.com/tuvalu-not-happy-with-verisign-deal/ Tuvalu not happy with VeriSign deal]</ref> Verisign offered to pay additional $1 million per year to Tuvalu with a condition that it will continue to serve as the registry operator of the domain name. Tuvalu turn down the offer.<ref>[http://domainincite.com/more-details-on-the-tuvalu-verisign-deal/ More details on the Tuvalu-VeriSign deal]</ref>

On February 2012, Verisign renewed it's contract to manage the .tv registry with Tuvalu until December 31, 2021. Both parties did not provide any details about the terms of the agreement.<ref>[http://www.thedomains.com/2012/02/25/verisign-renews-contract-with-tuvalu-to-run-tv-registry-through-2021/ Verisign Renews Contract With Tuvalu To Run .TV Registry Through 2021]</ref>

In February, 2012, Verisign renewed its contract to manage the .tv registry with Tuvalu until December 31, 2021. Neither party provided any details about the terms of the agreement.<ref>[http://www.thedomains.com/2012/02/25/verisign-renews-contract-with-tuvalu-to-run-tv-registry-through-2021/ Verisign Renews Contract With Tuvalu To Run .TV Registry Through 2021]</ref>

==Most Expensive .tv Domain Names==

==Most Expensive .tv Domain Names==