{
  "id": 18404279,
  "title": "The New York Times reportedly in talks to buy Letterboxd for $330 million",
  "url": "https://urgent.news/2026/11/06/the-new-york-times-reportedly-in-talks-to-buy-letterboxd-for-330",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-06T00:07:18.000Z",
  "source": {
    "name": "TechCrunch",
    "slug": "techcrunch",
    "url": "https://techcrunch.com/2026/11/05/the-new-york-times-reportedly-in-talks-to-buy-letterboxd-for-330-million/"
  },
  "original_language": "en",
  "account": "The New York Times is reportedly engaged in exclusive talks to purchase the online platform Letterboxd for a reported $330 million, according to a recent report from the Times itself. Letterboxd is an online community for movie enthusiasts, akin to Goodreads for films, and has experienced significant growth in recent years. In January 2021, the platform boasted 3 million users, which surged to 28 million by April 2023. Over half of its users are under the age of 35.\n\nPreviously, Letterboxd was seeking a new owner. Industry sources suggested that film studios A24 and Sony showed interest in acquiring the company, although A24 was ultimately priced out of the deal. Letterboxd is a free service, but users can enhance their experience with a paid subscription. The company's projected earnings for the current fiscal year amount to approximately $15 million, which is roughly 4.5% of the sum the New York Times is rumored to be offering for the purchase.\n\nThe New York Times Company has not commented on the acquisition in its own publication. Given the anonymous nature of the report, we cannot rule out the possibility of insider information, and we are inclined to view this news with a degree of seriousness.",
  "summary": "Letterboxd, an online platform for movie lovers, has grown dramatically in recent years.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Verge",
        "title": "The New York Times is in talks to buy Letterboxd for around $330 million",
        "url": "https://urgent.news/2026/11/05/the-new-york-times-is-in-talks-to-buy-letterboxd-for-around-330",
        "published": "2026-11-05T23:45:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}