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
Defeating An inability to embrace success in Scholarly world: Individual Victories - 2The Magnificence of Do-It-Yourself Skincare: Regular Recipes and Tips
- 3US FDA unveils new pathway to approve personalized therapies
- 46 Fun Urban areas For Seniors To Travel
- 5$30K Disability Scam Implodes After Surf Trip in Mexico
- ‘This year nearly broke me as a scientist’ – US researchers reflect on how 2025’s science cuts have changed their lives
- How did Hugh Jackman nail his latest role? Sequins, tighty-whities and embracing 'zero embarrassment.'
- Full SNAP benefits must be paid ‘promptly,’ USDA tells states as government reopens
- New law puts familiar drinks, creams and gummies in legal limbo
- Wisconsin archaeologists identify 16 ancient canoes in a prehistoric lake 'parking lot'
- As tetanus vaccination rates decline, doctors worry about rising case numbers
- Recalled Super Greens diet supplement powder sickens 45 with salmonella
- Launch pad damaged as Russian rocket blasts off for space station, agency says
- Osteoporosis, the silent disease, can shorten your life − here’s how to prevent fractures and keep bones healthy
