The New York Times Company is negotiating to purchase the movie-focused platform from its parent firm, Tiny Ltd., in a deal that would let the co-founders remain in leadership roles. While operations will stay largely independent, the site is slated to adopt the publisher's internal advertising technology. This move mirrors prior high-value corporate expansions, including the acquisition of sports outlet The Athletic for $550 million.
Key points
The platform is expected to retain its co-founders while operating as a standalone entity…: The platform is expected to retain its co-founders while operating as a standalone entity under an executive at The Times.
Letterboxd is currently owned by Tiny Ltd., which did not immediately respond to requests…: Letterboxd is currently owned by Tiny Ltd., which did not immediately respond to requests for comment regarding the sale.
The deal represents the publisher's latest major purchase, following earlier acquisitions…: The deal represents the publisher's latest major purchase, following earlier acquisitions such as Wirecutter and The Athletic.
Sources checked by our analysis pipeline: 1
The New York Times Company is in talks”exclusive negotations” to acquire Letterboxd, the social network for film lovers, for around $330 million, The New York Times reports. The Times Company, Sony Pictures Entertainment, and A24 were all recently rumored to be among those interested in buying Letterboxd.
The New York Times is in talks to buy Letterboxd for around $330 million
Rumors have been swirling about the film lover’s social network for a while, but the NYT reports it’s the buyer.
Rumors have been swirling about the film lover’s social network for a while, but the NYT reports it’s the buyer.
The negotiations with the Times Company have included the potential for Letterboxd’s co-founders to stay in charge but report to a Times Company executive. Letterboxd would likely remain standalone for the “foreseeable future,” according to the NYT. The company would also integrate the Times Company’s ad tech.
NYT spokesperson Charlie Stadtlander declined to comment. Letterboxd and current parent company Tiny Ltd. didn’t immediately reply to a request for comment from The Verge.
The Saudi-launched circuit is concluding its battle against the PGA Tour after failing to secure a rescue deal from London-based BC Partners. The private equity firm pulled back when LIV Golf could not guarantee the continued commitment of its top-tier talent. This breakdown forces the organization into an abrupt wind-down, leaving stranded competitors seeking exits while creditors face severe losses.
Film studios Sony and A24 previously explored bids for the popular movie platform, though A24 ultimately dropped out after being priced out. The potential digital asset offers massive youth appeal, with more than half of its audience under 35 years old. The publisher has declined to comment publicly on the prospective transaction.
Unprofessional hiring practices offer applicants critical early warnings about a company's internal working culture and underlying ethics. Candidates frequently encounter severe delays, deeply intrusive personal inquiries, and potentially unlawful discrimination regarding family planning and age. Career and legal specialists stress that these recruitment red flags should guide prospective hires on whether to walk away from a toxic workplace.