LOS ANGELES, CA - The Internet Corporation for Assigned Names and Numbers (ICANN) – the nonprofit organization that oversees the domain industry – announced that, in the next round of domain expansion and going forward, they will no longer be allowing entities registering new Top-Level Domains (TLDs) to utilize what is known as “closed generics.” Closed generics are essentially TLDs that are owned or are exclusive to one company that use generic and/or dictionary terms; … [Read more...]