Overview
- Multiple outlets reported on Friday that Letterboxd has held initial meetings with potential buyers including Netflix, Sony Pictures and Paramount.
- LionTree is overseeing the sales process and bankers have floated a roughly $250 million valuation for the Auckland‑based film‑review platform.
- Tiny, a Canadian holding company that bought a 60 percent stake in 2023, and Letterboxd’s co‑founders retain control while no binding offers have been made.
- Observers note Letterboxd’s cultural influence — more than 30 million users — but also its limited revenue, raising questions about the high valuation.
- Users and industry watchers worry a studio or streamer buying the site could bias promotion of its own films and fuel calls to protect Letterboxd’s independence.