The New York Times in exclusive negotiations to buy Letterboxd for around $330 million

The New York Times Company is in exclusive negotiations to acquire Letterboxd, a social network designed for film enthusiasts, for around $330 million. The Verge, Yahoo Finance UK, The New York Times, IndieWire, and Variety all reported on the proposed deal. [1][2][3][4][5]

Under the terms being negotiated, the co-founders of Letterboxd would remain in charge of the service while reporting to an executive at The New York Times Company, according to The Verge. The platform would likely continue to operate as a standalone service for the foreseeable future, as reported by The Verge. [1]

The Verge noted that Sony Pictures Entertainment and A24 were previously rumored to be among the parties interested in acquiring the platform alongside The New York Times Company. [1]

Letterboxd was founded in Auckland, New Zealand, by Matthew Buchanan and Karl von Randow in 2011 as an online social cataloging platform for film and television. It enables members to log, rate, and review films, create watchlists, and build curated lists across web and mobile platforms. The publisher of the prospective buyer, The New York Times Company, reported 13.35 million total subscribers as of June 2026. [6][7]