, the global social platform that’s become a key tool for independent film discovery, promotion and conversation in the current challenging market for movies, is being acquired by Canadian technology holding company, Tiny, which is taking a majority stake.
Letterboxd’s founders will continue to lead the business independently while leveraging their partnership with Tiny to accelerate the platform’s growth as it continues to scale.
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Letterboxd, Film Discussion Platform, Sells to Investment FirmThe site, which has gained a cult following among film fans, is valued at about $50 million in the transaction. The founders say they plan to add TV shows to the platform.
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