ICANN's charge for new Top Level Domains

ICANN proposed to create hundreds of new top level domains such as .microsoft or .ibm. For these TLDs to work, the one-off registration fee is US$185,000 while the annual recurrent cost is US $75,000 for a domain to stay in the DNS root nameservers.

Currently, ibm.com or microsoft.com is charged just around US$20 per year. The maintenance cost of US$75,000 is 3750 times higher. I wonder how could the cost be justified !

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