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New York Times Company in talks to buy Letterboxd for $330M

By PulseAugur Editorial · [1 sources] ·

The New York Times Company is reportedly in exclusive negotiations to acquire Letterboxd, a social film discovery platform, for approximately $330 million. Letterboxd, which boasts 30 million members and is described as a "Goodreads for movies," would continue to operate independently. The New York Times Company, which also owns The Athletic and has seen success with games like Wordle, sees Letterboxd as a strategic addition to its media portfolio, potentially integrating its advertising technology. AI

RANK_REASON Acquisition of a notable media property by a major media company. [lever_c_demoted from significant: ic=1 ai=0.0]

Read on Engadget →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

New York Times Company in talks to buy Letterboxd for $330M

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Acquisition of a notable media property by a major media company. [lever_c_demoted from significant: ic=1 ai=0.0]
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COVERAGE [1]

  1. Engadget TIER_1 English(EN) · [email protected] (Steve Dent) ·

    The New York Times Company is reportedly trying to buy Letterboxd for $330 million

    The New York Times Company declined to comment on The New York Times' story.

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