New York Times Company in Exclusive Talks to Acquire Letterboxd
The New York Times Company is in exclusive negotiations to acquire Letterboxd, an online community built around movie enthusiasts. The reported price is approximately $330 million, making the proposed transaction a substantial financial commitment for the Times Company and placing a clear valuation on the film-focused platform.
That price is reported to equal more than 20 times Letterboxd’s projected earnings for 2026, which are estimated at about $15 million. The comparison highlights the premium being considered relative to the company’s expected near-term earnings: the proposed payment would be more than twenty times that annual projection.
The negotiations remain ongoing, and the New York Times has said the deal is not yet final. Until an agreement is completed, the reported $330 million figure represents the value under discussion rather than a completed sale. The proposed acquisition would bring Letterboxd, its movie-centered online community and its earnings potential under the ownership of The New York Times Company, subject to the talks reaching a definitive agreement.
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