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
Impact of NIH funding reductions felt in cancer and infectious disease trials - 2Kids get diseases like lupus, too. As researchers hunt better treatments, this camp brings joy
- 3What Middle East Conflict Could Mean For The World’s Largest Whale Shark Gathering
- 4Two IDF officers, civilian face indictment in alleged Gaza aid-truck smuggling scheme
- 5I spent the last year transforming my life. Becoming a Rockette for a day made me confront a fear I couldn't shake.
- Vote In favor of Your Favored Kind Of Organic product
- Flu season is underway. What are common symptoms to watch for?
- A Gustav Klimt painting is now the most expensive piece of modern art sold at auction. The fascinating history behind the $236 million 'Portrait of Elisabeth Lederer.'
- How did life begin on Earth? New experiments support 'RNA world' hypothesis
- Satellite data reveals a huge solar storm in 2024 shrank Earth's protective plasma shield
- Navy-Marine Corps Relief Society provides emergency grants to families displaced by Iran war
- Five EU states press for windfall taxes on fossil energy sector
- 'The best gift ever': Baby is born after the rarest of pregnancies, defying all odds
- Exploring ways to reduce the impact of space junk on Earth
