A24, New York Times join bidders for Letterboxd at $300M-plus valuation

TheWrap’s Umberto Gonzalez reports that A24 and The New York Times have entered talks to buy Letterboxd for more than $300 million, joining Sony, Netflix, Paramount, RedBird, TPG and Alexis Ohanian as suitors for the 29 million-member platform.

Why it matters. Whoever wins Letterboxd gains a direct line to a highly engaged film-fan audience that studios and streamers currently reach only through third-party marketing.

Signal from thewrap.com · Umberto Gonzalez · read the original.

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