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.tv is the Internet country code top-level domain ccTLD for the island nation of Tuvalu.
Except for reserved names like .com.tv, .net.tv, .org.tv and others, any person in the world can register a .tv domain for a fee. The domain name is popular (and thus economically valuable) because it is an abbreviation of the word 'television' (other similar ccTLDs are .me, .fm, .am, .cd, .dj and .mu).
Such unconventional usage of TLDs in domain names are known as domain hacks. The domain is currently operated by dotTV, a VeriSign company; the Tuvalu government owns twenty percent of the company.
In 2000, Tuvalu negotiated a contract leasing its Internet domain name ".tv" for $50 million in royalties over a 12-year period.[1] The Tuvalu government receives a quarterly payment of US$1 million for use of the top-level domain.
source Wikipedia
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