Overview
- Initial meet-and-greet talks have taken place as part of a banker-led sale process, with multiple outlets reporting the broader outreach on Friday.
- Reported early suitors include Netflix, Sony Pictures, Paramount (and related partners), private-equity firms TPG and RedBird, and investor Alexis Ohanian.
- LionTree is running the process and bankers have circulated a roughly $250 million valuation that some observers say looks high given limited public revenue data.
- Letterboxd is majority-owned by Tiny, which bought 60% in 2023 while founders retain about 40%, and the site has grown to more than 30 million members after adding a video-rental feature.
- Fans and nonprofit groups have mobilized against studio or private-equity ownership over fears of conflicts of interest and heavier monetization, and no offers or agreements have been announced.