Letterboxd draws acquisition interest from NYT, A24 and Sony at $300M+ price
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.