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
French and Malaysian authorities are investigating Grok for generating sexualized deepfakes - 2
CDC vaccine panel votes to remove universal hepatitis B birth dose recommendation - 3
Ancient Pompeii construction site reveals the process for creating Roman concrete - 4
Step by step instructions to Safeguard Your Teeth During Sports Exercises - 5
Meet Beef the bulldog, who takes slow walks with his 78-year-old friend
Collins Foods to offload 20 Taco Bell outlets in Australia
Bayer reports positive results for blood thinner after 2023 setback
Florida has quietly become America's execution capital
Without evidence, CDC changes messaging on vaccines and autism
Cuba fights to contain spread of mosquito-borne chikungunya virus
Russian billionaire says 12-hour days and 6-day workweeks could help save the economy
Share your number one city visit transport that leaves a mark on the world wake up!
Find the Standards of Viable Nurturing: Supporting Blissful and Strong Kids
Simple Consideration Plants for Home and Office: An Aide













