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
Investigating Design and Individual Style: Track down Your Remarkable Look - 2
They grew up with 'almond moms.' Now, they dread going home for the holidays. - 3
Volkswagen Just Built a Plug-In Tiguan for China That America Doesn’t Get - 4
The Most Well known Online Entertainment Forces to be reckoned with of 2023 - 5
Zelensky sees win for Ukraine as EU finally reaches funding deal
Climate change is straining Alaska's Arctic. A new mining road may push the region past the brink
Fossils from China show complex life evolved millions of years earlier than once thought
Dirty soda started as a Mormon alternative to booze. Now it's everywhere.
Remote Headphones: Improve Your Sound Insight
Pfizer says patient dies after receiving hemophilia drug in trial
5 things for parents to know about changes to kids vaccine schedule
6 Well known Ladies' Fragrances On the planet
Medicine doesn’t just have ‘conscientious objectors’ − there are ‘conscientious providers,’ too
Alice Wong, founder of the Disability Visibility Project, dies at 51













