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
10 Moves toward Start Your Own Effective Business - 2
Top 20 Wellbeing and Wellness Applications for a Sound Way of life - 3
The 3 little words TV fans can't stop obsessing over - 4
Infants will no longer receive hepatitis B vaccine at birth, CDC announces - 5
Instructions to Shield Your Gold Speculation from Possible Dangers: Fundamental Protections
Report in relation to renaming Herzog Park set to be withdrawn
Instructions to Keep up with Your Traded Teeth for Life span
'Every day I planned an escape': Ariel Cunio shares details of Hamas captivity
Make Your Fantasy Closet: 10 Immortal Design Fundamentals
NASA's Perseverance Mars rover could break the record for miles driven on another planet
6 Tire Brands Reasonable for Seniors
Incredible Travel Objections for Craftsmanship Darlings to Visit
Novo Nordisk cuts Wegovy price as CEO pledges to go 'all in' on weight loss pill
Gov’t approves millions for border cities in North under Hezbollah fire













