A24 and New York Times circle Letterboxd in $300m-plus sale talks

Letterboxd, the app where film fans log and rate what they watch, has drawn buyout interest from A24 and The New York Times, according to a New York Times report cited by Variety.

The report, published on 24 September 2026, said any deal is expected to value the company at more than $300 million. That price would be about 20 times Letterboxd's projected earnings of roughly $15 million for 2026, according to the Times report cited by Variety. A24 declined to comment on the reported interest.

The field is crowded. Netflix, Sony Pictures Entertainment and Paramount Skydance have each explored a possible acquisition, according to the same reporting. Private-equity firm TPG and Reddit co-founder Alexis Ohanian have also explored a deal.

Letterboxd was founded in 2011 and is based in New Zealand. It now counts more than 30 million members globally, people who keep watchlists, post short reviews and follow friends' viewing diaries.

Its ownership is split. Canadian holding company Tiny bought a 60% stake in 2023, a deal that valued Letterboxd at $50 million to $60 million, according to the report. Co-founders Matthew Buchanan and Karl von Randow own the remaining 40%.

What makes this stand out is the leap in the numbers. A sale above $300 million would be about five times the valuation set only three years ago.