Netflix Faces Italian Price Refunds, Appeals Court Ruling
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Netflix Hit with Massive Reimbursement Order in Italy: A Rome court rules price hikes over seven years illegal, ordering Netflix to refund Italian subscribers for increases from 2017 to early 2024. Consumer group Movimento Consumatori won the lawsuit, arguing Netflix violated Italys consumer code. Netflix plans to appeal, but the impact on their eight million unique users and five point four million paid subscribers is significant.
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