The New York Times reportedly in talks to buy Letterboxd for $330 million
TechCrunch · Amanda Silberling ·
Letterboxd, an online platform for movie lovers, has grown dramatically in recent years.
The New York Times Company has reportedly “entered exclusive negotiations” to acquire Letterboxd for $330 million, according to a report from The New York Times itself.
Letterboxd, an online platform for movie lovers that could be compared to Goodreads for movies, has grown dramatically in recent years. Letterboxd reported 3 million users in January 2021, a figure that grew to 28 million by April of this year. More than half of its users are under 35.
Letterboxd was previously reported to be seeking a new owner. According to the Times, film studios A24 and Sony were interested in the acquisition, but A24 was priced out.
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