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
The Oscars are moving from ABC to YouTube starting in 2029 - 2
I asked ChatGPT who would win a Golden Globes. Here's what it got right — and totally wrong. - 3
Don’t let food poisoning crash your Thanksgiving dinner - 4
New findings suggest atmosphere could exist on exoplanet TOI-561b - 5
The Specialty of Compromise: Examples from Reality
'Wicked: For Good' was filmed at this surreal National Park in Egypt
There was a bit of toilet trouble on NASA's Artemis 2 mission to the moon
Tire Brands for Senior Drivers: Guaranteeing Security and Solace
Explainer-What will change with the US reclassification of marijuana?
Humanity is back at the moon! Artemis 2 astronauts arrive in lunar space
Newly identified species of Tanzanian tree toad leapfrog the tadpole stage and give birth to toadlets
Israel says it killed armed Hamas 'terrorists' in Gaza
Cocoa Prices Undercut Amid the Prospects of Abundant Supplies
AfD faction in western Germany ousts councilman for firebrand speech











