One of the world's most well-known movie-focused websites, Letterboxd, is reportedly looking for a new owner.
Letterboxd is especially known as a gathering place for true movie fans, a kind of social media for movies - and for the extensive, in-depth movie reviews created by its users.
The site was originally founded in 2011, but its founders sold a majority stake in the service in 2023 to a Canadian investment company.
Now, the said investment company thus wants to convert its investment into cash.
According to Variety's information, the company is reportedly negotiating with several movie studios about the sale of the service. At least Sony Pictures and Paramount have been mentioned as buyer candidates.
In addition, The Puck reports that Netflix would also be interested in buying the service.
In all mentioned cases, a kind of conflict of interest arises for Letterboxd's administrators: would the site's new host want the service to better highlight the parent company's films - or will the service be allowed to continue independently.
In itself, the dilemma is not unique, as the world's most famous movie review service IMDb has been owned by Amazon for decades. And Amazon, of course, owns both MGM studio and the Amazon Prime streaming service.
Letterboxd has over 30 million users, and according to The Puck's information, the site's sale price has been estimated at approximately 250 million dollars (approximately 220 million euros).
The site was originally founded in 2011, but its founders sold a majority stake in the service in 2023 to a Canadian investment company.
Now, the said investment company thus wants to convert its investment into cash.
According to Variety's information, the company is reportedly negotiating with several movie studios about the sale of the service. At least Sony Pictures and Paramount have been mentioned as buyer candidates.
In addition, The Puck reports that Netflix would also be interested in buying the service.
In all mentioned cases, a kind of conflict of interest arises for Letterboxd's administrators: would the site's new host want the service to better highlight the parent company's films - or will the service be allowed to continue independently.
In itself, the dilemma is not unique, as the world's most famous movie review service IMDb has been owned by Amazon for decades. And Amazon, of course, owns both MGM studio and the Amazon Prime streaming service.
Letterboxd has over 30 million users, and according to The Puck's information, the site's sale price has been estimated at approximately 250 million dollars (approximately 220 million euros).
