From IndieWire · J. Kim Murphy,Ryan Lattanzio,Alison Foreman,Christian Zilko · · 40s
Letterboxd's $330m NYT Deal: Pros, Cons and Questions
New York Times acquires film platform Letterboxd for $330m, sparking debate over identity and future.
In brief
New York Times acquires film platform Letterboxd for $330m, sparking debate over identity and future. New York Times acquires film social media platform Letterboxd for $330 million, raising questions about its future identity and user impact. Originally reported by IndieWire.
New York Times Acquires Letterboxd
The New York Times is closing in on a deal to acquire the film-logging social media platform Letterboxd for $330 million.
Value Increase from Previous Stake
The deal values Letterboxd at $330 million, a significant jump from Tiny's $50 million stake in 2023.
User Concerns Over Identity
Letterboxd's user base is concerned about maintaining its identity after being acquired by the New York Times.
What it means
New York Times acquires film social media platform Letterboxd for $330 million, raising questions about its future identity and user impact.
