Letterboxd May Be Up for Sale as Parent Company Seeks to Exit Investment

Letterboxd, the popular social platform for film enthusiasts, is reportedly seeking a new owner. The site, known for allowing users to rate, review, and recommend movies, has seen a surge in popularity in recent years, largely driven by millennial and Gen Z users. According to a report from Semafor, Tiny, the Canadian holding company that owns 60% of Letterboxd, is actively exploring potential buyers. Among the interested parties are Versant, the parent company of CNBC and MS NOW, as well as The Ankler, a Hollywood newsletter. Tiny acquired Letterboxd in 2023 for over $50 million, and with the platform’s rapid growth—reaching 26 million users in 2026, up from 1.7 million in 2020—the sale is seen as a potential opportunity for Tiny to cash out. The site’s growth has also attracted attention from movie studios and the Oscars, which have used Letterboxd as a marketing tool and source of audience insights. While the talks are ongoing, no deal has been confirmed, and representatives from both Letterboxd and Tiny have not commented on the matter.