Letterboxd is reportedly nearing a sale that could value the film-focused social platform at about $300 million. Potential buyers include The New York Times and A24, alongside previously linked companies such as Sony Pictures, Paramount, Netflix and Versant.

The Times may be a natural fit because of its subscription expertise and cultural coverage, while studio ownership could create conflicts of interest. Letterboxd generated about $15 million in reported revenue and was valued at $50 million when Tiny bought a majority stake in 2023; its growth has included a video rental service, but preserving its distinctive film community would be crucial.