Letterboxd explores potential sale

Letterboxd is holding early-stage meetings with potential buyers, including Netflix, Sony Pictures, and Paramount. The social platform for film fans, which now reports over 30 million members, is currently being shopped around by its majority owner, the holding company Tiny.

Investment bank LionTree is managing the process, with reports suggesting a potential valuation of roughly $250 million. Co-founders Matthew Buchanan and Karl von Randow retain a 40% stake in the company.