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Letterboxd Finalizing $330 Million Sale to The New York Times
Letterboxd , the social networking platform for cinephiles, has new owners. The website is finalizing a deal to sell to The New York Times Company that values the website at $330 million, according to a report from the NYT on Thursday.
Summary
Letterboxd , the social networking platform for cinephiles, has new owners. The website is finalizing a deal to sell to The New York Times Company that values the website at $330 million, according to a report from the NYT on Thursday. A deal is not yet reached and could still fall apart, but the companies have entered into exclusive negotiations. The $330 million price tag is more than 20 times Letterboxd’s projected earnings in 2026 of about $15 million, the Times reported.
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