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
The 1st full moon of 2026 rises tonight! Here's what to expect from January's supermoon Wolf Moon - 2
Mojtaba Khamenei unconscious in Qom, not actually running Iran - 3
The Ascent of Rousing Pioneers Who Formed History - 4
Thousands of genomes reveal the wild wolf genes in most dogs’ DNA - 5
How did I get my own unique set of fingerprints?
Astonishing interstellar comet captured in new images by NASA Mars missions
'We are ready': NASA still on track to launch Artemis 2 astronauts to the moon April 1
Iran’s Crown Prince Reza Pahlavi backs protests: Join your fellow citizens in the streets
What happened in 'Wicked' part 1 and will there be a 3rd movie? Recap and what Ariana Grande, Jon M. Chu have said about a sequel.
Moscow: Russia well-positioned to withstand oil market shocks
Spain breaks jobs record with 22 million Social Security contributors
The Main 15 Applications for Efficiency and Association
Nature: 10 High priority Setting up camp Spots In Europe
Medtronic has 'significant firepower' for multiple acquisitions, executives say













