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
Damaged launch pad: How long before Russia can send astronauts to the ISS again? - 2Eurasian cargo hub expands to capture Europe-Asia freight flows
- 3She's been a Bond girl and a mutant. Now she's grappling with Hollywood's obsession with 'eternal youth.'
- 4Europe pledges over €15bn for clean energy for Africa
- 56 Top of the line Lodgings All over The Planet, Which One Do You Concur With
- An Extended time of Careful Nurturing: Individual Bits of knowledge on Bringing up Kids
- Kiefer Sutherland arrested after allegedly assaulting a ride-share driver in L.A.
- Scientists uncover an ant assassination scheme that helps a parasitic queen rise to power
- Eight Muslim nations condemn Israel's 'dangerous' new death penalty law
- Top Breakfast Food: What's Your Morning Enjoyment?
- the Kinds of Thailand: Decision in favor of Your Number one Thai Dish!
- Affordable Care Act enrollment is slightly ahead of last year, despite expiring subsidies
- COGAT discovers motor oil hidden inside UN's humanitarian aid to Gaza in smuggling attempt
- 'Harmonious' meeting between Merz, Lula despite Belém controversy
