Source: Semafor
Summary
Letterboxd, a social networking site for film enthusiasts, is reportedly being eyed by potential buyers. Versant, the parent company of CNBC and MS NOW, and The Ankler, a Hollywood media company, are among the interested parties, according to Semafor. The report did not disclose the potential price or timeline for a deal. Letterboxd allows users to create lists of films, rate and review them, and follow other users. The platform has gained popularity among film enthusiasts and industry professionals.
Our Reading
The announcement sounds ambitious.
Letterboxd, a site where users can share their film tastes, might be sold to a new owner. The potential buyers include big names like Versant and The Ankler. Because what the world really needs is another media consolidation. Letterboxd’s user-generated content and social features will surely remain untouched by the new owners. Said no one ever.
Author: Evan Null
