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
Court clears Beersheba assault suspect of link to Haymanut Kasau disappearance, extends detention - 2
Here's how 'Bridgerton' fans can watch the first episode of Season 4 before its Netflix release later this month - 3
Eco-Accommodating Kitchen Machines: 4 Picks for a Manageable Home - 4
Former GLP-1 users regain lost weight after about 18 months, study says - 5
Flourishing in a Cutthroat Work Market: Vocation Methodologies
UN torture cm'tee report flags Israel for allegedly mistreating journalists, detainees, ex-MAG
'Every day I planned an escape': Ariel Cunio shares details of Hamas captivity
'Wuthering Heights' trailer features Margot Robbie and Jacob Elordi in a steamy forbidden romance
5 Family SUVs for 2024: Which One Accommodates Your Family's Needs\uff1f
COGAT discovers motor oil hidden inside UN's humanitarian aid to Gaza in smuggling attempt
Scientists reveal earliest evidence for shifting of Earth’s crust
After fleeing past Hezbollah fighting, some Israelis on northern border vow to stay
Down to earth Manual for A Modest Hyundai Ioniq Electric for Seniors
Merz: 80% of Syrians in Germany expected to return within three years











