Letterboxd Is in Acquisition Talks With Netflix, Sony, and Paramount at a $250 Million Valuation
Film-review app Letterboxd, majority-owned by Canadian holding company Tiny, has entered acquisition talks with Netflix, Sony Pictures Entertainment, Paramount Skydance, private equity firm TPG, and Reddit co-founder Alexis Ohanian's Seven Seven Six. Investment bank LionTree is handling the process, floating a $250 million valuation. Tiny acquired a 60% stake in 2023 at a valuation of $50 to $60 million. Letterboxd had more than 30 million members as of June 2026, adding 10 million in the past year alone. A Letterboxd representative said there is 'nothing specific to share at this time.'
THE BREAKDOWN
Whoever buys Letterboxd gets a 30-million-member film discovery community and the editorial surface to push their own titles, which raises the obvious conflict-of-interest concern that follows Rotten Tomatoes and IMDb. For talent whose clients make or appear in films, a Netflix or studio acquisition changes how Letterboxd scores get used in marketing conversations. The more immediate opportunity: Letterboxd's video rental store and growing audience make it a real brand partnership surface right now, before an acquisition closes. Film talent with cult followings should be exploring creator collaborations on the platform while it is still independent, because the terms will change once a studio owns it.
Get the full briefing weekly
Read by talent managers, agents, and brand partnership professionals every Friday.