Updated
Updated · The New York Times · Sep 24
Sony, A24 and New York Times Eye Letterboxd in Deal Worth Over $300 Million
Updated
Updated · The New York Times · Sep 24

Sony, A24 and New York Times Eye Letterboxd in Deal Worth Over $300 Million

1 articles · Updated · The New York Times · Sep 24

Summary

  • Letterboxd has drawn expressions of interest from Sony Pictures Entertainment, A24 and The New York Times Company, with any sale expected to value the movie-focused social network above $300 million.
  • Roughly $15 million in projected 2026 earnings underpins that price tag, as bidders target the platform’s subscription and advertising revenue alongside its highly engaged film audience.
  • Tiny, the Canadian technology holding company that bought Letterboxd four years ago, is now weighing interest in a site whose popularity has climbed sharply in recent years.
  • Founded in 2011 by New Zealand designers Matthew Buchanan and Karl von Randow, Letterboxd has grown from a niche review-and-list app into a social hub used by everyday fans and filmmakers including Francis Ford Coppola and Rian Johnson.

Sources

Left100%
The New York Times1h ago
New York Times, Sony, A24 Eye Acquisition of Movie Social Network Letterboxd

Insights

Will a major studio buyout destroy the unbiased, community-first charm that made Letterboxd a $300 million cultural phenomenon?
Could non-studio buyers like The New York Times be the only way to protect Letterboxd's neutrality while justifying its massive valuation?

Sources

1 total
Left100%
The New York Times1h ago
New York Times, Sony, A24 Eye Acquisition of Movie Social Network Letterboxd