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Italian court rules every Netflix price hike for seven years illegal and orders it to refund users

Subscribers of streaming services certainly are sick and tired of price hikes, yet users often have little recourse other than simply canceling their accounts. But for users in Italy, they may soon receive some monetary compensation for nearly a decade’s worth of price jumps. A court in Rome has ruled that Netflix’s subscription price increases…

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Reed Hastings’s exit from $455 billion Netflix ‘had nothing to do with’ failed Warner Bros. deal

The 65-year-old cofounder and former CEO of the world’s largest streaming service announced on Thursday that he won’t stand for reelection to the board at the company’s annual shareholder meeting in June, ending a 29-year run at the company he created in 1997. In a statement included in the first quarter investor letter, the billionaire…

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