New York Times Reportedly in Exclusive Talks to Acquire Letterboxd for $330 Million
This is a business acquisition story, not a cybersecurity incident. According to a report by The New York Times itself, The New York Times Company has entered exclusive negotiations to acquire Letterboxd, a social platform for movie enthusiasts, for $330 million. Letterboxd's user base grew from 3 million in January 2021 to 28 million by April 2026, with more than half of its users under 35. The platform had previously been reported to be seeking a buyer, with film studios A24 and Sony also having shown interest before A24 was reportedly priced out. Letterboxd's projected earnings for the year are estimated at $15 million, a small fraction of the reported offer price. There is no security vulnerability, breach, or threat actor activity described in this article.
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New York Times Reportedly in Exclusive Talks to Acquire Letterboxd for $330 Million
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This is a business acquisition story, not a cybersecurity incident. According to a report by The New York Times itself, The New York Times Company has entered exclusive negotiations to acquire Letterboxd, a social platform for movie enthusiasts, for $330 million. Letterboxd's user base grew from 3 million in January 2021 to 28 million by April 2026, with more than half of its users under 35. The platform had previously been reported to be seeking a buyer, with film studios A24 and Sony also having shown interest before A24 was reportedly priced out. Letterboxd's projected earnings for the year are estimated at $15 million, a small fraction of the reported offer price. There is no security vulnerability, breach, or threat actor activity described in this article.