New York Times in exclusive talks to buy Letterboxd for about $330M

What's the deal? The New York Times CompanyDealroom has a profile for this one. Try Dealroom → is in exclusive negotiations to acquire LetterboxdDealroom has a profile for this one. Try Dealroom →, the social platform for film lovers, for roughly $330 million, the Times reported on 5 November 2026. No agreement has been reached. A24 dropped out after the price rose. Tiny Ltd., which bought a majority stake in 2023, is the seller; co-founders Matthew Buchanan and Karl von Randow would likely stay in charge.

What is Letterboxd? Founded in New Zealand in 2011, Letterboxd lets users rate and review films and track what they watch. Membership has grown past 30 million. The platform would likely remain standalone while using Times ad technology.

Why it matters: The deal would expand the Times' digital portfolio beyond news, after Wirecutter, Wordle and The Athletic. The reported price is about 22 times Letterboxd's projected 2026 EBITDA of $15 million, per the Times.

Read more: The Verge, Deadline

Image: Letterboxd homepage (The Verge)