New York Times Enters Exclusive Talks to Buy Letterboxd for $330 Million

The New York Times Company is currently in exclusive negotiations to acquire Letterboxd, a social platform for movie enthusiasts. The reported purchase price is approximately $330 million, a figure that represents more than 20 times the projected 2026 earnings of $15 million for Letterboxd. This potential acquisition aims to expand the digital portfolio of the New York Times Company by integrating a community-driven film platform into its existing suite of digital offerings and services.