Letterboxd, the film-review and social platform, is nearing a sale, according to multiple reports. The New York Times reports that bids are drawing interest from several potential buyers as negotiations move forward, with additional offers having been discussed in recent months.
Variety and Gizmodo both point to the New York Times reporting that A24 and the New York Times itself have expressed interest. Gizmodo also frames the possible outcome as a bid among A24, Sony, or The New York Times. Variety adds that the process has the look of a bidding contest and cites a potential valuation around $300 million.
Earlier coverage referenced interest from companies including Sony, Netflix, and Versant, suggesting the asset attracts a mix of entertainment and media owners. The outlets agree on the existence of acquisition talks and the approximate valuation figure, but differ in which specific bidders they highlight and how directly they characterize the competitive nature of the process. No final buyer or deal terms are reported as confirmed.
