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
7 Moves toward a Sound and Dynamic Way of life - 2Tatiana Schlossberg's diagnosis puts spotlight on leukemia: What to know
- 3Syrian army says recent drone attacks targeted its bases near Iraq, most shot down
- 4Deadly Switzerland ski resort fire was likely started by sparklers attached to champagne bottles, officials say
- 5When faith comes under fire: How Iran’s repression of religious minorities has increased
- ByHeart sued over recalled formula by parents of infants sickened with botulism
- Go With The Breeze: Grand Paragliding Spots On the planet
- Shipping: The Corridors of Trade and the Coming of Another Period
- Top 20 Compelling Business Books for Progress
- The most effective method to Look at Medical caretaker Compensations Across Various Clinics
- Am I a Summer, or is this a scam? What I learned from color analysis.
- Why screening for the deadliest cancer in the U.S. misses most cases
- 5 Instructive Toy Brands for Youngsters
- Embrace Effortlessness: Moderation and Cleaning up Tips
