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
What's going around right now? COVID, flu, stomach bug on the rise - 26 Web-based Staple Help You Can Trust
- 3Spain and Catholic Church agree to compensate sex abuse victims
- 4Rubble, mud and hair: How to rebuild a home in Gaza
- 5Most loved Amusement Park Firecrackers Show: Which One Lights Up Your Evening?
- EU calls on Western Balkans to step up reforms for membership
- AbbVie plans to build out its presence in obesity market
- New ‘Cloud-9’ object could reveal the secrets of dark matter
- Hilary Duff releases 'Mature,' her 1st song in 10 years
- The 20 Most sultry Style of the Time
- This is Countdown, CNN’s newsletter covering NASA’s first time sending humans to deep space in over 50 years
- Novo Nordisk cuts Wegovy price as CEO pledges to go 'all in' on weight loss pill
- California is completely free of drought for the first time in 25 years
- Yemen's Houthis ready to join Iran war if needed, raising new shipping risk
