Letterboxd reportedly seeking new owner

Letterboxd, the popular social platform for film enthusiasts, is reportedly up for sale. Its controlling investor, Canadian holding company Tiny, which acquired a 60 percent stake in 2023 for over $50 million, is actively seeking potential buyers. The platform has experienced significant growth, attracting tens of millions of users, particularly among Millennials and Gen-Z, and has become a valuable asset for movie studios and even the Oscars for marketing and trend analysis. It remains unclear if any deals are close to being finalized.