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
Forget 'Outer Banks.' These Gen Z-ers just want to watch 'M*A*S*H*' and 'Gilmore Girls.' - 2
Tesla Germany Registrations Quadruple to 9,252 Vehicles in Best March Ever - 3
Study reveals how fast weight returns after ending GLP-1 drugs - 4
Partner of crime boss Steven Lyons arrested in Dubai - 5
Step by step instructions to Pick the Right Web-based Degree Program
Pick Your Favored kind of soup
Becoming amazing at Arranging Pay Raises
NASA study shows how satellite 'light pollution' hinders space telescopes
Allow Innovative Progressions To have a Tremendous Effect
New Cheetos and Doritos will be free of artificial dyes
Spain breaks jobs record with 22 million Social Security contributors
Vote In favor of Your Favored Web-based Book Retailor
Vote in favor of Your #1 Home Exercise Gear: Execution and Comfort Matter
'Stranger Things' Season 5: When does Volume 2 come out? And Volume 3? Everything to know about the remaining episodes before the finale.













