From TheWrap · Jeremy Fuster · · 1m
Letterboxd Users Launch Community Ownership Campaign
Letterboxd users and investors pool funds to run the site as community-owned.
In brief
Letterboxd users and investors pool funds to run the site as community-owned. Letterboxd users and investors are launching a campaign to buy the platform and run it as a community-owned site. Originally reported by TheWrap.
Letterboxd4All Campaign Launched
Intrinsic Entertainment Collaborative launched a grassroots campaign to pool user funds and buy Letterboxd as a community-owned platform.
Letterboxd Valued at Over $300 Million
Letterboxd's majority owner Tiny is reportedly valued at more than $300 million by potential buyers including Sony and The New York Times.
Users Can Invest Minimum $100
Interested users can make a minimum $100 investment on WeFunder or donate smaller amounts through GoFundMe.
Elizabeth Joyce Explains Campaign Goal
Elizabeth Joyce, founder of Intrinsic, said the campaign aims to keep Letterboxd as a point of discoverability for indie filmmakers.
Self-Distribution Shifts Platform Focus
The campaign addresses growing self-distribution trends by offering authentic audience engagement for indie filmmakers.
What it means
Letterboxd users and investors are launching a campaign to buy the platform and run it as a community-owned site.
