- Three separate parties — A24, Sony and The New York Times Company — registered interest in acquiring Letterboxd, the film-tracking and review platform.
- The overlap of a film studio (Sony), an independent production house (A24) and a news publisher (NYT) signals competition for a subscription media asset with an engaged cinephile user base.
- No price, structure or timeline for the Letterboxd process was disclosed in the report.
Quotes
“A24, Sony and The New York Times Company all registered their interest in acquiring the cinephile’s paradise.”