Netflix Considers Acquiring Movie Review Platform Letterboxd
WHO:
Variety - Letterboxd, a movie review social network, is majority-owned by Canadian holding company Tiny.
WHAT:
Inc - Bankers are reportedly floating a $250-million valuation for Letterboxd—more than four times its 2023 value.
Variety - Letterboxd recently launched an online video-rental service.
Screen Rant - Netflix is reportedly in talks to purchase Letterboxd.
Variety - Letterboxd has been shopping itself to interested parties in recent months.
WHERE:
Variety - Letterboxd operates as a social media app and website.
WHEN:
Variety - Letterboxd was founded in 2011.
WHY:
Variety - The acquisition talks suggest that Netflix is interested in expanding its portfolio in the entertainment sector.
HOW:
Variety - The process involves negotiations between Netflix and Letterboxd regarding a potential purchase.
(UPDATED July 10, 2026 22:22 UTC)
Bankers are reportedly floating a valuation of $250 million for Letterboxd, which is more than four times its value from 2023. This significant increase highlights the growing interest in the platform. Investors are clearly optimistic about Letterboxd's potential in the market.
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(UPDATED July 10, 2026 18:23 UTC)
Letterboxd has just launched an online video-rental service, expanding its offerings for film enthusiasts. This new feature allows users to rent movies directly through the platform, enhancing the way they discover and enjoy films. With this move, Letterboxd aims to provide an even more comprehensive experience for its community of cinephiles.
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(UPDATED July 10, 2026 14:52 UTC)
Netflix is reportedly in talks to purchase Letterboxd, a movie review social network that is majority-owned by the Canadian holding company Tiny. Letterboxd, which has been actively shopping itself to interested parties in recent months, operates as both a social media app and a website. This potential acquisition reflects Netflix's interest in expanding its portfolio in the entertainment sector through negotiations with Letterboxd.