Netflix in Talks to Acquire Film Review Platform Letterboxd

Netflix is reportedly in discussions to acquire Letterboxd, the popular social platform for film enthusiasts. Letterboxd, founded in 2011, has been actively exploring acquisition opportunities in recent months. The platform, which includes both an app and a website, recently launched an online video-rental service.

Canadian holding company Tiny is the majority owner of Letterboxd and has been facilitating these discussions. While Netflix is a primary suitor, other interested parties from the entertainment industry have also been approached. The potential acquisition comes as Letterboxd has seen significant growth in its user base and engagement among film lovers worldwide.

Letterboxd provides a space for users to log films they've watched, rate them, write reviews, and create watchlists. It has become a key community for cinephiles to discover new films and discuss cinematic art. The platform's valuation and the terms of any potential deal have not been disclosed. This move by Netflix could signal a strategy to deepen its engagement with film culture beyond its streaming service.