Bloomberg Reports: “NetFlix Faces Class Action in Subscriber Antitrust Case Over DVD Rentals”

Netflix faces an antitrust conspiracy trial for allegedly entering into an illegal agreement with Wal-Mart to divide retail dvd markets.


Wal-Mart settled the claims against it for a settlement valued at $40 million. Netflix has so far refused to settle and a trial date is set for January 2012.

An article in Bloomberg described the claims facing Neflix:

According to the lawsuit, the alleged conspiracy began when Reed Hastings, the chief executive officer of Netflix, met John Fleming, then the CEO of, for dinner in January 2005 to discuss how to reduce competition in the DVD market in the U.S. At that time Netflix, based in Los Gatos, California, and were competitors in online DVD rentals.

You can read the full article by clicking here.

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