Multiple outlets report that Letterboxd, the film-review and movie-tracking social platform, is exploring a sale and has drawn interest from major entertainment and media companies. Variety, Deadline, Polygon, 9to5Mac, Engadget and The Guardian cite an industry report from Puck saying Netflix is among the companies in talks, with Sony Pictures and Paramount also named as potential buyers. Some reporting also points to other interested parties, including additional entertainment investors and private equity firms.
Letterboxd, founded in 2011, is described as a “hybrid” service combining movie tracking and social media features. The app and website are majority-owned by Canadian holding company Tiny, which acquired a controlling stake in the business in recent years. One outlet notes Letterboxd has been shopping itself to interested parties and that it has recently expanded with an online video-rental service.
Inc. reports that bankers are discussing a valuation of about $250 million, presented as significantly higher than its 2023 value, though the figures and whether a deal is reached are not confirmed in the articles.
