New York Times in exclusive talks to buy Letterboxd for about $330 million
By Fuzzy Mushroom · Published
The New York Times Company is in exclusive talks to acquire cinephile social platform Letterboxd for about $330 million from Canadian holding company Tiny, Deadline, IndieWire and TheWrap report after the Times' own story — with no deal signed yet and talks still able to fall apart. A24 and Sony were among late suitors before A24 dropped out as the price rose past twenty times Letterboxd's projected 2026 earnings of about $15 million; founders Matthew Buchanan and Karl von Randow have been discussed staying in charge while the site stays standalone and picks up Times ad tech. Outlets disagree on the user count (roughly 26 million to approaching 35 million), but the Punters' favourite logging app is suddenly a $330 million chess piece.
Would a Times-owned Letterboxd still feel like home for the Punters — or is $330M the end of the cool?
How solid is this story?
Spore Score for the story: 71 (Solid). Status: Not confirmed yet. Trades confirm: Deadline confirms exclusive talks after New York Times report; IndieWire, TheWrap and The Verge match; no deal closed.
Sources
- Deadline: New York Times In Advanced Talks To Buy Letterboxd For Reported $330 Million (5 November 2026)
- IndieWire: Letterboxd Finalizing $330 Million Sale to The New York Times (5 November 2026)
- TheWrap: New York Times Enters Exclusive Talks to Buy Letterboxd for $330 Million (5 November 2026)
- The Verge: The New York Times is in talks to buy Letterboxd for around $330 million (5 November 2026)
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