Everyone Wants Letterboxd: A24, NYT Circle a $300M Bidding War
Letterboxd, the app where movie nerds log their five-star crushes and hot takes, is reportedly fielding offers that could value it above $300 million, roughly 20x its projected 2026 earnings. A24 and the New York Times are the newest suitors, joining a list that already included Netflix, Sony, Paramount and more, all chasing its 30 million passionate users. Founders still hold 40%, so any deal needs their blessing.
Everyone wants your Letterboxd diary to be their ad platform now.