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
Netflix is releasing a documentary on Elizabeth Smart. What to know about her kidnapping, rescue and where she is now. - 2'Something Very Bad Is Going to Happen' is the Duffer Brothers' first project since 'Stranger Things.' It's also 'wildly insane.'
- 3War in Iran could exacerbate German housing crisis, minister warns
- 4More than 3 million eye drops have been recalled from CVS, Walgreens and other national retailers. How to check if yours are safe
- 5The most effective method to Stay away from Normal Traps While Recruiting a Material Organization
- Netflix’s Price Hikes Just Got Rejected by an Italian Court. Here’s Why It Matters Everywhere
- Step by step instructions to Prepare with Senior Protection for Inward feeling of harmony.
- 5 VIP Voice Exhibitions in Energized Movies
- The Red Sea strategy: What does Israel stand to gain from recognizing Somaliland?
- Ancient Egyptian pharaoh's boat is being reassembled in public at the Grand Egyptian Museum
- Reporter's notebook: Inside the IDF’s ‘Hamas Village,’ and how Israel is rewriting urban warfare
- 'Here we go again': Businesses grapple with fuel costs
- Earth's newfound 'episodic-squishy lid' may guide our search for habitable worlds
- Thousands of New York City nurses set to strike Monday if deal isn't reached with hospitals
