Letterboxd, the popular hybrid movie tracking and social media app, is exploring a sale. A new report this week from Matt Belloni at Puck outlines the many companies that have shown interest in acquiring the service, including Netflix, Sony Pictures, and more.
Belloni reports that “meet-and-greets” have kicked off as part of the sales process for Letterboxd. The talks are still incredibly early, and there are “many” parties taking meetings with Letterboxd to discuss early options.
Puck reports that Netflix is one of those companies:
Now, among those participating in meetings at the initial stage are Hollywood suitors including Sony Pictures, Paramount, and Netflix; private equity players TPG and RedBird; and media investor Alexis Ohanian.
Tiny, a Canadian holding company, acquired a 60% stake in Letterboxd in 2023 at a $50 million valuation.
