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
How did Ariana Grande get her Glinda voice? I’m the man behind the magic. - 2
Immortal Style: Closet Staples for Each Age - 3
Ukrainian drones hit all three Baltic States − did Russia redirect them? - 4
Ariana Grande and Jonathan Bailey will reunite for 'Sunday in the Park With George' - 5
Volcanic eruption led to the Black Death, new research suggests
Israel says Iran's military industry will be destroyed 'within days'
Scientists Just Discovered Japan’s First New Bird Species in Over 40 Years
The Most Compelling Innovation Advancements Somewhat recently
Israel strikes south Lebanon after first direct talks in decades
First Alert: Light snow through this evening
People Are Sharing The One Picture They Can't See Without Laughing, And It's The Comedy Spiral You Need Today
Find the Insider facts of Viable Advertising: Building a Positive Brand Picture
Israel explores creation of int'l force with Greece, Cyprus to deter Turkey
Internet Bookkeeping Programming for Consultants












