From Consequence · · 40s
New York Times Targets Letterboxd for $330m
The New York Times is in exclusive talks to buy movie platform Letterboxd for $330 million.
In brief
The New York Times is in exclusive talks to buy movie platform Letterboxd for $330 million. The New York Times has entered exclusive negotiations to acquire Letterboxd for roughly $330 million. Originally reported by Consequence.
Acquisition Negotiations
The New York Times has entered exclusive negotiations to acquire the independently-owned movie-focused social platform Letterboxd for roughly $330 million.
Letterboxd's Value
Letterboxd's projected 2026 earnings are estimated at $15 million, significantly lower than the $330 million acquisition price.
Current Operations
Letterboxd continues to release new titles through its VOD Video Store, including Coyote vs. Acme and the A$AP Rocky documentary Mouth Full of Golds.
The main idea
The New York Times has entered exclusive negotiations to acquire Letterboxd for roughly $330 million.
