GoKawiilNYT Co. in exclusive talks to acquire Letterboxd for $330 million
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.