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
Figure out how to Perceive Warnings while Looking for an Auto Collision Lawyer - 2
Over 60 local leaders push Netanyahu to halt haredi draft bill, warn of social rift - 3
The 15 Most Rousing TED Chats on Self-awareness - 4
This professional Santa's dream of spreading holiday cheer fuels stroke recovery - 5
Want to make America healthy again? Stop fueling climate change
Iran's stolen futures: The arrested Iranians at risk of execution by the regime
10 High priority Contraptions for Tech Aficionados
Triumph's 400 Range Has Just Changed In India, And Here's Why
15 Outrageous Cosplay Outfits That Will Blow You Away
Putin says Russian forces will seize capital of Zaporizhzhya
Congo declares its latest Ebola outbreak over, after 43 deaths
Figure out How to Advance Space in Your Pre-assembled Home for Upgraded Usefulness
What's your biological age? Experts explain the benefits and risks of at-home tests
Israel's Druze use AI to present to UN testimonies of 'sexual terrorism' against Syrian Druze women













