New York Times in talks to buy Letterboxd
The New York Times is reportedly in talks to buy Letterboxd, the film-logging social network, in a deal said to be worth $330 million.
No agreement has been announced. The reported price comes from accounts of the discussions rather than from either company, and neither the New York Times nor Letterboxd has confirmed that a purchase is being negotiated.
Letterboxd allows users to log and rate the films they have watched, write reviews and compile lists. A sale to the Times would add a film-focused community to a publisher that has built its business around subscriptions and a growing portfolio of products beyond news.
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