From IndieWire · Brian Welk · · 40s
Letterboxd Sells $330M to New York Times
Letterboxd's $330 million sale to The New York Times Company finalizes after exclusive negotiations.
In brief
Letterboxd's $330 million sale to The New York Times Company finalizes after exclusive negotiations. Letterboxd, the cinephile social network, is being sold to The New York Times Company for $330 million after exclusive talks. Originally reported by IndieWire.
Letterboxd Sale Finalized
Letterboxd, the social networking platform for cinephiles, is finalizing a $330 million sale to The New York Times Company.
Deal Value Exceeds Earnings
The $330 million price tag is over 20 times Letterboxd's projected 2026 earnings of $15 million.
Tiny Holds 60% Stake
Tiny, a Canadian public company, originally acquired a 60 percent stake in Letterboxd in 2023 when it was valued at $50 million.
The big picture
Letterboxd, the cinephile social network, is being sold to The New York Times Company for $330 million after exclusive talks.
