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
Book excerpt: "Enough" by Dr. Ania Jastreboff and Oprah Winfrey - 2
South Korea president says Iran war shows the need to ditch ‘extremely risky’ fossil fuels - 3
Vote in favor of Your #1 Home Exercise Gear: Execution and Comfort Matter - 4
Most loved Public Dish: Which One Addresses Its Nation Best? - 5
Tech for Wellbeing: Applications and Devices for a Better You
JFK's granddaughter Tatiana Schlossberg reveals terminal cancer diagnosis
German mid-sized firms gloomy on outlook, survey finds
Scientists discover black hole flare with the light of 10 trillion suns
People can't get enough of this couple's Hallmark movie reviews. They don't know the painful backstory.
The Specialty of Cleaning up: Change Your Space and Brain
‘Risk children’s lives for some extra manpower’: IRGC recruits 12 year olds to fill personnel gaps
Scientist turns people’s mental images into text using ‘mind-captioning’ technology
Trump said affordability is a ‘hoax’ in his Pennsylvania speech. What do the latest numbers show?
Step by step instructions to Remain Spurred While Chasing after a Web-based Degree













