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
Eight wounded, cars catch fire in central Israel following strike from Iranian cluster munition - 2Best Amusement Park Bite: What Do You Very much want to Crunch On?
- 3Lightning on Jupiter could be up to 1 million times stronger than on Earth
- 4Record-breaking 'space laser' erupts from merging galaxies 8 billion light-years away
- 5Only 30% of young people in Israel optimistic about future, Aluma survey reveals
- Vote in favor of Your Number one kind of pie
- Bring tissues and skip the mascara: The movie that's making theater-goers sob uncontrollaby
- Ancient Egyptian pharaoh's boat is being reassembled in public at the Grand Egyptian Museum
- Blood pressure drug recalled for possible cross-contamination
- Newly identified species of Tanzanian tree toad leapfrog the tadpole stage and give birth to toadlets
- Israel issues notice that Ben-Gurion Airport flights likely restricted until at least April 16
- UN experts urge investigation into Israel’s killing of Lebanese journalists
- Figure out How to Keep up with and Clean Your Brilliant Bed for Ideal Execution
- Home Wellness Basics: Building Your Home Exercise center
