Letterboxd acquisition estimated at $330 million... exclusive negotiations with The New York Times Company
Original headline레터박스 인수 규모 3억3000만달러 추정…뉴욕타임스컴퍼니와 배타 협상
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The New York Times Company is in exclusive talks to acquire film-tracking platform Letterboxd for approximately $330 million, according to a report, with a deal not yet signed and the figure still subject to negotiation. Letterboxd lets users log films, rate and review them, and share lists with other users. The reported price would mark a significant media-company bet on a niche social platform built around film discovery and recommendation. A24 and Sony Pictures Entertainment had also been cited as potential suitors in earlier sale discussions. What to watch next is whether the exclusive negotiations convert into a signed agreement and whether the final price lands near the reported $330 million.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
New York Times Company, Letterboxd, A24, Sony Pictures Entertainment