r/letterboxd

Letterboxd Sale: The New York Times and A24 Crash the Favorite Four

29.09 02:02 | u/TheCinemaGroup
Per reporting from the Times itself, The New York Times and A24 have joined the list of Letterboxd suitors, alongside names floated earlier this year like Sony, Paramount, Netflix and Versant. A deal could value it around $300M, on reported revenue of about $15M. Quick context on who owns the other scoreboards: - Rotten Tomatoes: Fandango, owned by Versant (which reportedly talked to Letterboxd in the spring) - IMDb: Amazon, since 1998 (Amazon also owns Amazon MGM Studios) - Metacritic: Fandom, since 2022 The case for the Times: it sells nothing Letterboxd users review, and it kept Wirecutter and The Athletic intact after buying them. The case against A24: every A24 movie would be rated on an A24-owned platform. Even if nothing were touched, would you trust the averages? Who would you want owning it?

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