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Film App Letterboxd Valued at $250M
10 Jul
Summary
- Letterboxd is reportedly up for sale with a $250 million valuation.
- Major entertainment companies like Netflix and Sony are potential buyers.
- The film-review platform has grown to over 30 million members globally.
Letterboxd, a prominent film-review social network, is currently navigating a potential sale process, with its owners reportedly engaging in early discussions with interested parties. The company is said to be valued at a substantial $250 million.
Several major entertainment corporations are rumored to be eyeing the acquisition of Letterboxd. These include Netflix, Sony Pictures Entertainment, and Paramount Skydance, along with financial backer RedBird Capital Partners and private-equity firm TPG. Alexis Ohanian, co-creator of Reddit, is also reportedly exploring the possibility.
Letterboxd has seen remarkable growth, boasting over 30 million global members as of June 2026, with a significant surge in popularity during the COVID-19 pandemic. The company, based in Auckland, New Zealand, has not commented on the sales speculation.
