Letterboxd in sale talks with Netflix and other studios

Letterboxd, the popular social network for film enthusiasts, is exploring a potential sale, with several major entertainment companies reportedly expressing interest in acquiring the platform. According to multiple reports, potential buyers include Netflix, Sony Pictures Entertainment, Paramount Skydance, private equity firms TPG and RedBird Capital Partners, and venture capital firm Seven Seven Six, led by Reddit co-creator Alexis Ohanian. Investment bank LionTree is managing the sale process and is said to be seeking a valuation of around $250 million.

Founded in New Zealand in 2011 by Matthew Buchanan and Karl von Randow, Letterboxd allows users to log, rate, review, and create lists of films, fostering a community-driven platform for movie discovery. The site saw significant growth during the COVID-19 pandemic and has continued to expand, surpassing 30 million registered members as of June 2026, having added roughly 10 million users in the past year alone. In 2023, Canadian holding company Tiny acquired a 60 percent stake in Letterboxd at a reported valuation of $50 million to $60 million; the co-founders retain the remaining 40 percent ownership.