Wal-Mart ready to settle Netflix case for $27.5M

Nov 16, 2011

(AP) -- More than 25 million current and former Netflix subscribers are being offered a sliver of a $27.5 million settlement from Wal-Mart. The proposed payment is being made to settle allegations that the video subscription service and Wal-Mart Stores Inc. illegally conspired to inflate the prices to rent and buy DVDs.

Most people covered by the agreement weren't notified until the details were sent in mass e-mails late Tuesday. A hearing on the settlement's merits is scheduled for March 14 in an Oakland, Calif. federal court.

Wal-Mart, the world's largest retailer, is paying for the settlement without acknowledging any wrongdoing. The proceeds will be offered in cash or Wal-Mart gift cards.

. plans to defend itself against the allegations in a trial scheduled to begin Jan. 23.

Explore further: Why the Sony hack isn't big news in Japan

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Wal-Mart offers video streaming on website

Jul 26, 2011

Now playing: Movies at Walmart.com. The world's largest retailer on Tuesday started streaming many movies the same day they come out on DVD, in a second bid for a share of popular movie rental and streaming website Netflix ...

Wal-Mart to sell goods from other vendors on Web

Aug 31, 2009

(AP) -- Wal-Mart Stores Inc. has launched an addition to its online business that has outside retailers selling nearly 1 million new items through Walmart.com, a move that could help the world's largest retailer catch up ...

Wal-Mart buys online movie company Vudu

Feb 22, 2010

US retail giant Wal-Mart plunged into the online video market on Monday with the purchase of Vudu, a company which delivers movies to Internet-enabled television sets and Blu-ray players.

Wal-Mart to go solar to save energy

Oct 28, 2005

Wal-mart has announced that energy efficiency and renewable energy such as roof solar panels are part of its corporate goals for its U.S. stores.

Recommended for you

China's Xiaomi raises more than $1 bn in funding

16 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.