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
Soldiers seize power in Guinea-Bissau and detain the president - 2
Changes to CDC website spark debate over autism and vaccine misinformation - 3
Wegovy maker Novo sharpens consumer focus with board role for Mars CEO - 4
Congolese rape survivors search in vain for medicine after USAID cuts - 5
Navy-Marine Corps Relief Society provides emergency grants to families displaced by Iran war
The Most recent Microsoft Surface Genius PC: Ideal for Very good quality Planning and Gaming Needs
10 Demonstrated Tips to Boost Your New Android Cell phone: A Thorough Aide
Blood pressure drug recalled for possible cross-contamination
Top 15 Supportable Design Brands Coming out on top
A few Up-to-date Sacks - Stylish Young ladies Shouldn't Miss
NASA's make-or-break moon shot
No red, no long shorts: The fashion rules Joe Burrows lives by
Turkey key underlying issue as Israel, Greece, Cyprus hold summit
As Western heat wave ends, scientists try to make sense of its length and intensity












