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
From invasive species tracking to water security – what’s lost with federal funding cuts at US Climate Adaptation Science Centers - 2Careful Living: Embracing the Current Second
- 3PFAS in pregnant women’s drinking water puts their babies at higher risk, study finds
- 4Holiday weather forecast: Where travelers can expect a wintry mix, flooding and record warmth across the U.S.
- 5Pick Your Favored sort of cooking
- Inside The Design-Forward Wellness Hotel Marking A New Chapter In Medellín
- What Middle East Conflict Could Mean For The World’s Largest Whale Shark Gathering
- How to watch the last supermoon of the year
- Ukraine to get up to 100 French-made Rafale fighter jets
- Looking for under-the-radar adventures? Try Norway's Vesterålen
- Netflix’s Price Hikes Just Got Rejected by an Italian Court. Here’s Why It Matters Everywhere
- NASA set for first crewed moon return in over half a century
- Careful Nurturing: Techniques for Bringing up Tough Children
- Must-Have Cooking Machine in Your Kitchen
