WatchTN, the subscription streaming service owned by Netflix, has agreed to pay $8 billion to settle charges that it failed to keep subscribers informed of the latest deals.
The New York Times reports that the company will pay $5 billion to the victims of the scam.
The Times says that it has received “over 50 credible complaints” that WatchTnam failed to inform subscribers that its “exclusive” deal with Netflix was a scam.
“The WatchTnt scam had been going on for over a year,” the Times reports.
The company did not immediately respond to a request for comment.
WatchTunnel, the company that had been offering the $6.99/month plan, did not respond to The Verge’s request for further comment.
The $8-billion settlement is in addition to $1 billion that WatchTs earlier had agreed to with the FTC.
Watch tnt was accused of misleading customers with a $9.99 subscription plan.
It initially told customers that it would only pay them $1 for each streaming video on their account, which they would not actually receive.
WatchTTn, the video-on-demand service, also said that it was not involved in the scam, and that it didn’t make any money from it.
Watch TTn initially offered the $7.99-a-month “WatchTunnels” package, which offered exclusive video streaming.
WatchTV, the streaming video service, later also offered the “WatchTTn” package for $7/month, which gave subscribers a free trial of the company’s service.
WatchTS has previously paid $1.3 billion to resolve allegations of fraudulent charges made against it.