AI Summary

The New York Times has entered exclusive negotiations to acquire the independently‑owned, movie‑focused social platform Letterboxd for roughly $330 million. Letterboxd is a popular community site for cinephiles, where users share reviews and ratings. The platform has attracted acquisition interest from several major players, including Netflix, A24, and Sony, which were reported to be exploring a deal last summer. The Times’ move signals a new chapter for the site as it seeks to expand its reach within the film‑industry ecosystem.

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