The New York Times Company Acquires Letterboxd For $330 Million

The New York Times Company is reportedly in exclusive negotiations to acquire movie-focused social platform Letterboxd for $330 million. Letterboxd, often described as Goodreads for movies, has grown from 3 million users in January 2021 to 28 million as of April 2026, with more than half of its users under 35. A24 and Sony were also reportedly interested in acquiring the platform, but A24 was priced out. Letterboxd is projected to generate $15 million in earnings this year, while the reported acquisition price represents a significant premium.

SALE PRICE: $330,000,000

HQ: New York, New York

#VentureCapital #TheNewYorkTimesCompany #Letterboxd #TradedVC