
Why Are Brands Abandoning gTLD Applications? by @JenWolfe of @Wolfedomain
Original Source Posted by Jennifer Wolfe on Wed, Jun 05, 2013 @ 02:36 PM A number of brands have recently fallen from the list of visionary companies applying for gTLDs. Hasbro’s Transformers, Hilton, GM’s suite of gTLDs and Heinz have all decided to pull their gTLD applications, opting out of participating in the first paradigm shift of the Internet. Why? There two likely reasons — companies are having difficulty responding to ICANN’s clarifying questions that were designed more for an open registry than for brands, or they are balking at the costs associated with applying for and migrating to a gTLD environment. In the grand scheme of business, both of these reasons are shortsighted, as companies with gTLDs will have significant brand differentiation and innovation opportunities as compared to those who have not applied. The clarifying questions that may be troubling to brands involves explaining their gTLD strategies and financial models, as brands