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
Climbing Mount Everest: An Individual Victory - 2
Changing Negative Cash Mentalities: Enabling Your Monetary Excursion - 3
Most loved Solace Food: What's Your Definitive Comfortable Dinner? - 4
Figure out How to Augment the Advantages of a Web-based Degree - 5
It's time for Artemis II to break Apollo 13's distance record. What to know about the moon flyby
They died 'doing what they loved': The stories of workers in their 80s who died on the job
France bans Muslim gathering citing risk to participants
Germany to create restitution council to return colonia-era acquired cultural artefacts
Scientists find evidence that an asteroid contains tryptophan
4 Must-Visit bar-b-que Eateries This Year
Most loved VR Game for Wellness: Which Keeps You Dynamic?
How to watch 'Tell Me Lies' Season 3: Episode release times, streaming info and more
Vote in favor of Your Number one Cake Type
NASA wants to build a base on the Moon by the 2030s – how and why it plans to build up to a long-term lunar presence













