Editing Economy of Tuvalu (section)

===.tv Domain===
The [[.tv|".tv" domain name]] generates around A$7 million each year from royalties. In 2019, 8.4% of total government revenue came from .tv royalties.<ref name="Government of Tuvalu 2019 National Budget">{{cite web |last1=Toafa |first1=Maatia |title=Government of Tuvalu 2019 National Budget |url=https://www.tuvaluaudit.tv/wp-content/uploads/2019/04/FINALE-2019-NATIONAL-BUDGET_approved-by-Parliament_17Dec.pdf |access-date=13 December 2022 |archive-date=28 March 2023 |archive-url=https://web.archive.org/web/20230328094028/https://www.tuvaluaudit.tv/wp-content/uploads/2019/04/FINALE-2019-NATIONAL-BUDGET_approved-by-Parliament_17Dec.pdf |url-status=dead }}</ref> The domain name is sought after due to its similarity to the abbreviation of the word [[television]].<ref>Cohen, Noam, A newly valuable virtual address, New York Times, August 27, 2014, pp. B1 and B5</ref><ref name=WP01219>{{cite news|first=Alexander|last=Lee |title=Tuvalu is a tiny island nation of 11,000 people. It's cashing in thanks to Twitch |newspaper= Washington Post|date=23 December 2019|url= https://www.washingtonpost.com/video-games/2019/12/23/tuvalu-is-tiny-island-nation-people-its-cashing-thanks-twitch/|access-date=26 December 2019}}</ref>
[[Verisign|VeriSign, Inc]] managed the .tv domain with the agreement running until 2021.<ref name="BERK">{{cite web| last = Berkens|first= Michael |title= VeriSign renews contract with Tuvalu to run .TV registry through 2021| publisher= The Domains|date =25 February 2012|url= http://www.thedomains.com/2012/02/25/| access-date=25 February 2017}}</ref> On 14 December 2021 the [[Ministry of Justice, Communication and Foreign Affairs]] of the Tuvalu Government announced that they had selected [[GoDaddy|GoDaddy Registry]] as the new registry service provider, after Verisign did not participate in the process.<ref>{{Cite web|date=2021-12-14|title=GoDaddy wins contract to run .TV, Verisign didn't bid for renewal|url=https://domainnamewire.com/2021/12/14/godaddy-wins-contract-to-run-tv-verisign-didnt-bid-for-renewal/|access-date=2022-01-30|website=domainnamewire.com|language=en}}</ref>
The success of [[Twitch (service)|Twitch.tv]] and other esports and video game platforms means that Tuvalu can expect to derive increased revenue from the domain.<ref name=WP01219/>