New York Times Company in Advanced Talks to Acquire Letterboxd
New York Times
What the coverage says
The New York Times Company is currently holding exclusive negotiations to purchase the popular film platform Letterboxd for roughly $330 million, according to the New York Times. Variety added that this valuation exceeds twenty times the projected earnings of the online movie buff community. The Verge reported that Sony Pictures Entertainment and A24 were also recently rumored as prospective buyers for the social network. Meanwhile, TechCrunch noted the dramatic growth the online platform has experienced over recent years.
Written by HeadlineShine from 4 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- New York Times first reported it
- Variety reported it
- The Verge reported it
- TechCrunch reported it
- Latest update
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