Image Source: Netflix, Letterboxd, Sony Pictures
Any serious film enthusiast who enjoys sharing their thoughts on movies has likely heard of, or actively uses, the social platform Letterboxd. Launched in 2011, Letterboxd offers cinephiles a dedicated space to log films, write reviews, create watchlists, and track their viewing history. As of June 2026, the platform boasts over 30 million registered members worldwide. This massive community has now attracted the attention of several major Hollywood studios looking to bring it under their wing.
Image Source: Paramount Global
According to a recent report from Puck News, Letterboxd has been quietly exploring a sale for several months. Major players including Paramount Global, Sony Pictures, Netflix, and private equity firm TPG, along with Reddit co-founder Alexis Ohanian, are reportedly considering bids. Letterboxd's owners have already engaged in preliminary discussions with multiple potential buyers. Investment bank LionTree is reportedly handling the sale, with current estimates valuing Letterboxd at approximately $250 million.
via： Puck News