Shockwaves rippled through film circles after news reports that Letterboxd soon could be snapped up by a corporate buyer. But the online community is both a highly valuable and quite perishable property, meaning a conventional plug-and-play M&A maneuver could trigger a significant backlash.
Netflix, Paramount, Sony Pictures, Versant and major private equity firms are among the participants in an auction run by boutique investment firm Liontree, according to Puck. Letterboxd, the report said, was estimated to be worth $250 million. That valuation is roughly five times greater than in 2023, when New Zealand-based co-founders Matthew Buchanan and Karl von Randow
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