Netflix, Sony, and Paramount reportedly eyeing Letterboxd acquisition
According to a report by Puck, the film-focused social network Letterboxd is currently engaged in discussions with prospective buyers, which include Paramount, Sony Pictures, and Netflix. At present, the Canadian firm Tiny holds a majority stake in the platform, with the remaining 40% owned by the company's co-founders. Reports suggest that Letterboxd is aiming for a valuation near $250 million for any potential deal.
by shortkt.com✓