Letterboxd Owners Sell Out for $50 Million

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Letterboxd Owners Sell Out for $50 Million
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The last good independent social media network is getting swallowed up.

and filmmakers alike, giving them a place to discuss movies including reviewing and recommending films and sharing their favorite movies and/or performances. Letterboxd has also developed its own digital magazine and podcast, and earlier this year, Netflix announced it partnered with the platform to bring its video recommendations to users.with IMDb, Letterboxd offers a clean, uncluttered interface and thus far has tended to attract a more discerning userbase of cinephiles.

, saying: “The site is a thriving film community, where millions of moviegoers rate, review, list, and otherwise obsessively unearth more about their favorite films.” Buchanan and von Randow also said in their press release that they plan to expand their platform to add on TV series with the caveat that it will, “We’ve been huge fans and users of Letterboxd for a long time and could not be more excited to join forces with Matt, Karl, and the rest of the team for the long term.

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