New generic top-level domains (gTLDs) are expected to raise less than ten per cent of revenues for the Internet Corporation for Assigned Names and Numbers (ICANN) in 2014.

The updated budget for next year shows that over $80 million is going to be accrued from existing TLDs, while new registries will only pull in slightly more than $7 million, the Domains reports.

ICANN is currently in the middle of rolling out hundreds of new gTLDs, a move that represents one of the biggest ever overhauls of the domain name system.

Part of the reason for the figures is the hold up in the domains, as many are now not expected to launch until the first quarter of 2014, which means they will only be in operation for a short period of time before the close of the financial year.

However, once the process is up and running, the body should recoup much more money.

For more information on new gTLD’s and ICANN contact CSC Digital Brand Services, a registered agent of the Trademark Clearinghouse.

ICANN is set to receive most of its revenue from TLDs in 2014.
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