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Netflix reveals $9m payout in privacy legal action
From: security curmudgeon <jericho () attrition org>
Date: Mon, 13 Feb 2012 17:19:24 -0600 (CST)
http://www.bbc.co.uk/news/technology-17011497 Netflix reveals $9m payout in privacy legal action 13 February 2012 Last updated at 08:07 ETNetflix has paid $9m (£5.7m) dollars to settle a privacy-related legal action, a financial filing has revealed.
The online streaming firm, which made no admission of wrongdoing, said the settlement related to compliance with the Video Protection Privacy Act.
The 1988 US legislation prohibits the disclosure of video rental histories.
It is reported that the legal action concerned allegations that Netflix was failing to delete the viewing histories of customers who had left the service.
The settlement put a significant dent in Netflix's finances - after accounting for the payment fourth-quarter earnings fell from $40.7m (£25.8m) to $35.2m (£22.3m).
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