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
'Crammed into a cell with vermin at New Year' - 2The Effect of Online Organizations on Society: Beating the Difficulties
- 3A definitive Manual for Picking Electric Vehicle: Decision in favor of Your Number one
- 4Osteoporosis, the silent disease, can shorten your life − here’s how to prevent fractures and keep bones healthy
- 5Former hostage Eitan Mor on Hamas: ‘They will not give up until the last Israeli is gone'
- Volkswagen Just Built a Plug-In Tiguan for China That America Doesn’t Get
- Australian State Triggers Emergency Powers Amid Fuel Crisis
- Israel approves death penalty law for Palestinians convicted of attacks
- 'Stranger Things' Season 5: What's going on with Will Byers? That shocking Volume 1 plot twist, explained.
- Activists: Venezuela released just nine prisoners despite promise
- South African radio presenter among five charged over Russia recruitment plot
- NASA’s Artemis II mission will take an astronaut crew around the Moon – a space policy expert describes the long road to launch
- Best Food Truck Cooking: Decision in favor of Your Number one!
- Vietnam rethinks its flood strategy as climate change drives storms and devastation
