This article first appeared on GuruFocus.
After a Rome court ruled that Netflix (NFLX, Financials) raised subscription prices from 2017 to 2024 in violation of consumer protection laws, the company is at greater legal risk in Italy.
The court said that Netflix's contract terms didn't clearly explain why those prices went up. The decision could mean that millions of current and former users get their money back.
The court also told Netflix to lower prices for users who were affected. The price of a premium plan could go down from 19.99 to 11.99, and the price of a standard plan could go down from 13.99 to 9.99.
Lawyers for the consumer group said premium users who had been paying since 2017 could get back up to 500. Users of the standard plan could get about 250.
The court also told Netflix to tell affected users, including former subscribers, and to post the decision on its website and in the national press.
Netflix has said that it thinks its terms were in line with Italian law and plans to appeal. The company hasn't responded to the latest order to lower prices.
LATEST POSTS
- 1
Saturn shines with the waxing moon at sunset on Nov. 29 - 2
The most effective method to Make a Dazzling Site in 5 Basic Advances - 3
5 Language Learning Applications - 4
Israeli girl suffers cardiac arrest during sirens in Safed, hospitalized in serious condition - 5
Are Iraqi militias crossing into Iran to support Iran's war effort?
I decided to become a single mother by choice. I wasn't ready to stop dating.
This Huge Ocean Beast Shifts Sharks’ Evolutionary Timeline
How Google, Microsoft, Walmart, and other corporate giants are preparing for an aging workforce
The Fate of Mechanical technology: 5 Headways Forming Tomorrow
Takeaways from AP’s report on potential impacts of Alaska’s proposed Ambler Access Road
The Manual for Decent European Urban communities in 2024
Shredded cheese recall: Multiple brands sold at Aldi, Target and Walmart affected over potential metal fragment contamination
Germany's Lufthansa enters race for stake in Portuguese airline TAP
What to know about the "wild, wild West" of viral peptide claims












