Letterboxd was acquired by Canadian holding company Tiny in a deal that values the popular social site for film fanatics at about $50 million.
has been acquired by Tiny, a Canadian holding company, in a deal that values the popular social site for film fanatics at about $50 million.
Tiny, based in Victoria, British Columbia, now owns a 60% majority stake in the company, a source familiar with the deal told. Letterboxd’s Buchanan and von Randow will retain minority positions in the business and continue to lead the company. Letterboxd, known as the “Goodreads for movies,” plans to capitalize on the new ownership of Tiny to further establish the platform as the leading social network for film buffs worldwide.
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