Netflix in Talks to Buy Letterboxd: Report

Netflix is reportedly in talks to acquire Letterboxd, the film-review social network founded in 2011. The platform, majority-owned by Canadian holding company Tiny, has been seeking interested buyers recently. Other potential suitors involved in early discussions include Sony, Paramount, private equity firms RedBird and TPG, and media investor Alexis Ohanian. Letterboxd recently expanded its services by launching an online video-rental platform, increasing its appeal to major entertainment corporations and private equity investors seeking digital growth.