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Blow for Netflix and Spotify: Price increase clauses deemed ineffective
Setback for Netflix and Spotify: Price increase clauses ineffective Summary: A recent ruling has dealt a blow to popular streaming service Netflix and music streaming giant Spotify. The German court has deemed the price increase clauses implemented by these companies to be invalid. This decision has significant implications for both companies and raises questions about the legality of similar practices in the future. Body: Netflix and Spotify have become household names in the world of online entertainment, garnering millions of subscribers worldwide. However, a recent legal battle in Germany has put these companies in hot water. The court ruling declared that the price increase clauses used by Netflix and Spotify are ineffective and invalid. The case was brought forward by the Verbraucherzentrale Bundesverband (vzbv), a German consumer rights organization. They…