Netflix Wants to Buy Letterboxd? Here’s What the New Report Says

Letterboxd is exploring a possible sale as several major media companies and investors show interest in acquiring the popular movie tracking and social platform. Netflix, Sony Pictures, Paramount, TPG, RedBird and Alexis Ohanian have reportedly joined early discussions. Puck reports that Letterboxd has started holding initial meetings with interested buyers, although the process remains at an early stage. The company has not selected a preferred bidder, and several parties are still reviewing the opportunity. Letterboxd Could Be Valued at $250 Million Tiny, a Canadian holding company, acquired a 60 percent stake in Letterboxd in 2023 when the platform carried a valuation of around $50 million. Bankers handling the possible Letterboxd sale are now discussing a valuation close to $250 million. That figure reflects Letterboxd’s strong influence among film fans, critics and industry professionals, even though the platform does not generate revenue on the same scale as larger media services. Semafor previously reported that Versant had also shown interest in buying Letterboxd. Versant owns Fandango and Rotten Tomatoes after separating from Comcast earlier this year. Any acquisition would give the buyer access to Letterboxd’s active film community, user reviews and detailed viewing data. However, users will closely watch how a new owner handles subscriptions, advertising, editorial independence and the platform’s social features.