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New York Times in exclusive talks to acquire Letterboxd for roughly $330 million

The New York Times Company has entered exclusive negotiations to acquire cinephile platform Letterboxd for approximately $330 million, though discussions remain ongoing without a final agreement.

A computer screen showing the Letterboxd logo above text reporting on The New York Times Company's talks to acquire the platform.
Image: @engadget

The New York Times Company has entered exclusive negotiations to acquire film review and social platform Letterboxd for roughly $330 million, according to reports from The New York Times and TheWrap. The potential acquisition of the cinephile community hub would be part of an effort by the publisher to expand its portfolio with new products and services.[1][2][4]

Entertainment company A24 was previously in negotiations to acquire Letterboxd but dropped out after price expectations increased, according to The New York Times' reporting cited by Techmeme. Advanced discussions with The New York Times Company are underway, but no deal has been reached and talks could still fall apart.[2][3][4][5]

The New York Times Company declined to comment on its own newsroom's report regarding the negotiations.[6]

Key facts

  • The New York Times Company is in exclusive negotiations to acquire movie community platform Letterboxd for roughly $330 million.
  • The proposed purchase is aimed at adding new products and services to The New York Times Company's portfolio.
  • A24 dropped out of acquisition talks for Letterboxd after price expectations escalated.
  • No deal has been finalized between the parties, and discussions could still fail.
  • The New York Times Company declined to comment on The New York Times' story.

Sources · 6 sources

  1. TH

    TheWrap@TheWrapPost on X ·

    New York Times Enters Exclusive Talks to Buy Letterboxd for $330 Million https://t.co/09g6V02lwk

    Open source
  2. TE

    TechmemeArticle ·

    Sources: NYT has entered exclusive negotiations to acquire Letterboxd for roughly $330M; A24 dropped out of negotiations after price expectations rose (New York Times) New York Times : Sources: NYT has entered exclusive negotiations to acquire Letterboxd for roughly $330M; A24 dropped out of negotiations after price expectations rose — The roughly $330 million deal for the cinephile community site would be part of an effort to add new products and services to the company's portfolio.

    Open source
  3. TE

    Techmeme@TechmemePost on X ·

    Sources: NYT has entered exclusive negotiations to acquire Letterboxd for roughly $330M; A24 dropped out of negotiations after price expectations rose (New York Times) (Visit Techmeme dot com for the link and full context!)

    Open source
  4. ㆅ

    ㆅ@howfxrPost on X ·

    The New York Times Company is in exclusive talks to acquire @Letterboxd for approximately $330 million 👀 No deal has been reached, and discussions could still fall apart. 🧵 https://t.co/kbgFbkiiTL

    Open source
  5. PO

    Polymarket@PolymarketPost on X ·

    JUST IN: The New York Times is reportedly in advanced talks to acquire movie review platform Letterboxd for roughly $330 million.

    Open source
  6. EN

    Engadget@engadgetPost on X ·

    The New York Times Company declined to comment on The New York Times’ story. https://t.co/B8z7cSU99E

    Open source