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: Google to face charges if it fails to improve settlement: EU

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

Daily that challenged LA Times shuts down

6 hours ago

The Los Angeles Register, a newspaper launched earlier this year to challenge the region's dominant Los Angeles Times, announced Tuesday it was shutting down.

User comments : 0