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
From School Dropout to Example of overcoming adversity: My Excursion - 2
Passenger Missing After Going Overboard Disney Cruise Ship - 3
CNN Crew Detained and Journalist Put in Chokehold in IDF Run-In: ‘We’re Journalists. What Are You Doing?!’ - 4
The most effective method to Boost Benefits in Gold Speculation: Master Techniques and Tips - 5
How one man's concern saved his brothers from heart disease
Tourist trade in Greece and Cyprus suffering from Iran war effects
Step by step instructions to Boost the Eco-friendliness of Your Smash 1500.
I spent the last year transforming my life. Becoming a Rockette for a day made me confront a fear I couldn't shake.
Civil rights leader Jesse Jackson hospitalized, family requests prayers
Flash flooding causes highways to close to and from Eilat
Pacific voyagers’ remarkable environmental knowledge allowed for long-distance navigation without Western technology
3 moms, 3 countries, 1 very familiar problem: Why child care costs still don't add up for families
4 Sound blocking Earphones for Prevalent Sound and Solace
'Stranger Things' Season 5: When does Volume 2 come out? And Volume 3? Everything to know about the remaining episodes before the finale.













