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The New York Times Company has reportedly entered exclusive negotiations to buy Letterboxd, the social platform for film fans, for $330 million. Letterboxd's user base has surged from 3 million in January 2021 to 28 million this April, with more than half under age 35. Film studios A24 and Sony had also reportedly expressed interest, but A24 was priced out of the deal.
The New York Times Company is in exclusive negotiations to acquire Letterboxd, the film-focused social network, in a deal valued around $330 million. Sony Pictures and A24 had also been floated as potential buyers before talks with the Times advanced. Under the discussed terms, Letterboxd's co-founders would keep running the company but report to a Times Company executive, while adopting the Times' ad technology.
Nathan Fielder and Lance Oppenheim's documentary 'You Can See Everything' earned $19.5 million in its wide-release opening weekend and has grossed $45.1 million total against a $7 million budget, according to Vulture. A24 kept the three-year production secret before a surprise Telluride premiere and quick theatrical rollout. Holmes, currently serving a fraud sentence, reportedly called Fielder from prison before release, and her partner Billy Evans is said to be seeking legal advice about profit participation, per Page Six.
A24's adaptation of Elden Ring, directed by Alex Garland, now carries a reported budget approaching $200 million according to a Wall Street Journal source, up from earlier figures of $100 million and then $175 million. Filming wrapped in July after shooting in the UK and for IMAX, with release set for March 3, 2028. The previous budget record at A24 was Marty Supreme at roughly $70 million.
"You Can See Everything," directed by Nathan Fielder and Lance Oppenheim, grossed over $15 million in its limited opening weekend on fewer than 900 screens. A24 called it one of the largest limited-release openings of the century, with CNN noting it's the biggest non-music documentary debut since "Fahrenheit 9/11." The three-hour film, shot secretly with Elizabeth Holmes and partner Billy Evans before her 2023 imprisonment, holds a 99% Rotten Tomatoes score and a record 4.8 rating on Letterboxd.
Weeks before Elizabeth Holmes began her 11-year fraud sentence in 2023, she and her husband approached A24 proposing a documentary crew follow her final days of freedom. Nathan Fielder and director Lance Oppenheim took on the project, producing a film in which Fielder questions Holmes directly, including drawing comparisons between his own comedic business stunts and her Theranos fraud.
Neon, distributor of Parasite and Anora, announced an anthology film based on the SCP Foundation's collaborative horror fiction community. Unlike A24's recent V/H/S-branded SCP project, Neon contacted the SCP Wiki admin team beforehand and committed to releasing the film under the required Creative Commons ShareAlike license. The project is expected to hit theaters next year and will feature work from emerging filmmakers within the SCP community, though it won't be an official or compensated SCP production.
Neon revealed plans for its own SCP Foundation movie, set for theatrical release in 2027, after reaching out to the SCP Wiki team and pledging to release the film under a Creative Commons ShareAlike license. This follows backlash against A24, which had announced its own SCP project without contacting the wiki or committing to that licensing requirement. The SCP Foundation Wiki admin team issued a statement praising Neon's communication and adherence to the license's terms.
Letterboxd, the film-tracking social app founded in 2011 by Matthew Buchanan and Karl von Randow, is reportedly being shopped for more than $300 million. Potential buyers named include The New York Times, A24, and Sony Pictures, according to a Times report. The company is projected to earn about $15 million this year and has grown to 30 million users, up from 1.8 million in 2020.
Letterboxd, the social network for film enthusiasts, is reportedly close to being sold at a valuation of $300 million, according to sources cited by the New York Times. Potential buyers named include A24, Sony, and the New York Times itself, though no deal has been finalized.
A24 has released a trailer for 'You Can See Everything,' a documentary from filmmaker Nathan Fielder centered on disgraced Theranos founder Elizabeth Holmes. The film is scheduled to hit theaters on October 16.
A24 is producing a new V/H/S horror anthology entry set in the SCP Foundation universe, following its earlier success with Backrooms. Unlike that project, the studio appears not to have engaged the SCP Foundation Wiki community, which says it has received no communication from filmmakers despite reaching out multiple times.