Market Chatter: Letterboxd Draws Interest From Sony, New York Times, A24

MT Newswires Live

Sep 25

Sony Group (SONY), the New York Times (NYT) and film studio A24 have expressed interest in Letterboxd, with the social network for movie fans valued at more than $300 million, the New York Times reported Thursday, citing people familiar with the matter.

Canadian company Tiny, which owns a controlling stake in Letterboxd, hired LionTree to explore a sale this year, the report said.

A deal would value Letterboxd at about 20 times its projected 2026 earnings of roughly $15 million, the report said.

Letterboxd and the potential suitors did not immediately respond to request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 23.01, Change: -0.20, Percent Change: -0.84

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