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
Bombardier Global 8000 Enters Service - 2
5 Chiefs That Changed Our Opinion on Film - 3
Which Brilliant Home Gadget Can't You Reside Without? - 4
French rapper Gims placed under investigation for 'aggravated money laundering' - 5
Cyber Monday Paramount+ deal: Save 50% and stream these buzzy Taylor Sheridan shows
Worldwide Objections Ideal For A Golf Outing
Monetary Security: Building Serious areas of strength for an Establishment
Heavy rain, floods kill at least 45 people in Afghanistan, Pakistan
Safeguarding Your Senior Protection Against Extortion and Tricks.
Sheinelle Jones will cohost fourth hour of 'Today' with Jenna Bush Hager: Here's what to know about her
Vote in favor of the Top Vegetable for Senior
EPA watchdog finds nation’s most contaminated sites are vulnerable to flooding, wildfires
Novo Nordisk cuts Wegovy price as CEO pledges to go 'all in' on weight loss pill
Instructions to Explore the Universe of Vehicle Leases












