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
Manual for Conservative SUVs For Seniors- ‘Ukrainian housewives’ and Skyranger delays – German defense poster child Rheinmetall is in hot water
- PA accuses Israel of 'human trafficking' after planeload of Gazans arrives in South Africa
- China’s new condom tax will prove no effective barrier to country’s declining fertility rate
- Two separate Israeli espionage cases uncover Iran-linked activities in Jerusalem, Ashkelon
- How to watch 'A Charlie Brown Christmas' for free in 2025
- Home Mechanization Frameworks for Brilliant Residing
- The Latest: Fueling begins as NASA aims to send 1st crew to the moon in 53 years
- Lego's $650 Pokémon set is already sold out as demand, preorders surge
