The Verge is reporting that ICANN (Internet Corporation for Assigned Names and Numbers) is close to granting final approval for a a series of price hikes.
As they indicate, the price that registrars pay for .com registrations has been frozen at $7.85 US since 2012. End-consumers incur a higher price for .com domains upon registration, but under the proprosed agreement, the price could rise to nearly $13.50 US over the next ten years. This agreement allows Verisign, the .com domain registry, to raise the price by upto 7 percent per year over most of the next decade.
ICANN’s agreement with Verisign isn’t final just yet. A public comment period closes on Friday, and then a final report is due in March.