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Netflix, Sony, and Paramount Circle Letterboxd in Potential $250 Million Sale

The film-centric social network is exploring a sale that could value the company at over $300 million, drawing interest from major studios and media conglomerates.

Factlen Newsroom· Updated

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Letterboxd's valuation has surged past $300 million as major studios and media companies vie for the platform.From: A24, Sony, and NYT Enter Bidding War for Letterboxd at $300 Million Valuation

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Key numbers

$250M
Target valuation
30M+
Registered users
$50M
2023 valuation
40%
Founders' retained stake

From: Netflix, Sony, and Paramount Circle Letterboxd in Potential $250 Million Sale

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Letterboxd has seen explosive user growth since 2020.From: A24, Sony, and NYT Enter Bidding War for Letterboxd at $300 Million Valuation ·
Letterboxd's user base has surged from 1.8 million in 2020 to over 30 million today.From: Netflix, Sony, and Paramount Circle Letterboxd in Potential $250 Million Sale ·
The platform is drawing interest from both Hollywood studios seeking data and private equity firms seeking financial returns.From: Netflix, Sony, and Paramount Circle Letterboxd in Potential $250 Million Sale ·
An acquisition by A24 would place an independent studio in charge of the internet's most influential film rating ecosystem.From: A24, Sony, and NYT Enter Bidding War for Letterboxd at $300 Million Valuation ·
The platform has evolved from a niche digital diary into a vital promotional engine for the film industry.From: Netflix, Sony, and Paramount Circle Letterboxd in Potential $250 Million Sale ·

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