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Netflix Hit with €4.57M Privacy Fine: Dutch Regulator Cites GDPR Violations Over Data Transparency

by Team Lumida
December 18, 2024
in Markets
Reading Time: 3 mins read
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Key Takeaways:

Powered by lumidawealth.com
• Netflix fined €4.57M ($4.8M) by Dutch Data Protection Authority
• Violations occurred between 2018-2020 regarding user data transparency
• Company failed to adequately explain data collection, retention, and sharing practices
• Netflix objects to decision while claiming current GDPR compliance

What Happened?


The Dutch Data Protection Authority (DPA) imposed a significant fine on Netflix for failing to meet GDPR transparency requirements. The investigation, triggered by Austrian privacy group None of Your Business, found that Netflix provided insufficient and unclear information about its data handling practices during 2018-2020. Specific violations included inadequate disclosure about data collection purposes, retention periods, and third-party sharing.

Why It Matters?

  • Growing regulatory scrutiny of tech companies’ data practices in EU
  • Financial consequences of GDPR non-compliance
  • Importance of transparent data handling policies
  • Challenges global companies face in meeting regional privacy standards
  • Rising expectations for corporate accountability in data management

What’s Next?

  1. Netflix’s appeal process and potential legal challenges
  2. Company’s efforts to maintain updated privacy compliance
  3. Possible ripple effects for other streaming services
  4. Enhanced scrutiny of tech companies’ privacy practices
  5. Potential strengthening of EU privacy enforcement

The case sets a precedent for how streaming services must handle user data transparency and could influence future privacy compliance standards in the industry.

Tags: netflix
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
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