Letterboxd is reportedly exploring a potential sale after several interested buyers emerged in recent months, including Netflix.
According to Puck, companies that have held early discussions include Netflix, Sony Pictures Entertainment, Paramount/Skydance, private-equity firm TPG, and venture capitalist Alexis Ohanian. The platform is majority-owned by Canadian holding company Tiny, which acquired a 60% stake in 2023, while co-founders Matthew Buchanan and Karl von Randow retain the remaining 40%.
Isn’t this a tad concerning? A studio being in charge of Letterboxd? The potential for conflicts of interest—particularly if a studio or streamer were to own a platform that helps shape movie discourse—is something that deserves serious attention.
Letterboxd, the go-to social platform for cinephiles, has grown rapidly, surpassing 30 million members worldwide as of June 2026 after adding 10 million users over the past year. The platform, which surged in popularity during the pandemic, is reportedly being marketed at a valuation of around $250 million.