Business · 2h ago
Netflix, Sony Eye Acquisition of Movie Social App Letterboxd
Letterboxd, a popular movie tracking and social media app, is exploring a sale. Netflix, Sony Pictures, and other companies have expressed interest in acquiring the service, according to a Puck report. The app has grown rapidly, boasting over 10 million users as of 2024.
Meridian48 take
The acquisition interest underscores the value of niche social platforms with engaged communities, but integration risks could alienate Letterboxd's loyal user base.
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Netflix among many companies showing interest in acquiring Letterboxd: report →
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