Letterboxd Is Up for Sale, and A24, Sony and the New York Times Are Bidding
Summary
Letterboxd, the film discovery app, is reportedly up for sale with interest from The New York Times, A24, and Sony Pictures. The NYT report cites a asking price above $300 million, roughly 20x Letterboxd’s projected annual earnings, as the platform has grown to about 30 million users with free and paid tiers. The piece analyzes potential ownership scenarios and highlights conflicts of interest and brand alignment considerations.