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
5 Bike Brands for Ordinary Use - 2EU waters down plans to end new petrol and diesel car sales by 2035
- 3Vote in favor of your Number one kind of juice
- 4She loves to give experiences. He goes for sentimental gifts. They ask an expert: What is the perfect holiday present?
- 5‘And then we saw the little head.’ Scientists witness rare sperm whale birth
- Flourishing in a Cutthroat Work Market: Vocation Methodologies
- Ukrainian troops showed 'greater tactical imagination' than Western trainers, British officer says, pointing to their ambush tactics
- Find the Force of The ability to understand anyone on a deeper level: Improving Mindfulness and Connections
- Astronomer captures 2 meteors slamming into the moon (video)
- All that You Really want to Be familiar with Dental Inserts Facilities
- The Iconic, Instantly Recognizable Plastic Chair That's Known All Around The World
- If evolution is real, then why isn’t it happening now? An anthropologist explains that humans actually are still evolving
- Nigeria warns its citizens in South Africa to be cautious after march turns violent
- What you need to know about desalination, a growing source of drinking water
