Canadian agency Tiny acquired the social film platform for greater than $50 million.
Social movie dialogue platform Letterboxd has been offered. According to Variety, the favored web site has been acquired by Canadian holding firm Tiny for greater than $50 million. Letterboxd was based in 2011 in New Zealand by Matthew Buchanan and Karl von Randow and has greater than 10 million registered accounts. According to the report, Buchanan and von Randow will proceed to steer the corporate.
“Teaming up with Tiny represents a big leap forward for us,” Buchanan and von Randow stated in a press release. “We see this as a huge win for our community, enabling us to cement Letterboxd’s future with additional resources without sacrificing the DNA of what makes it special.”
We’ve been big followers and customers of Letterboxd for a very long time and couldn’t be extra excited to hitch forces with Matt, Karl and the remainder of the crew for the long-term” Tiny co-founder Andrew Wilkinson said. “Our intention is to make Letterboxd the last word vacation spot for anybody trying to uncover or talk about motion pictures on-line… and we consider the untapped market potential for superior discovery and dialogue is a big alternative.”
Movie fans can use Letterboxd to review and recommend films as well as share favorite films and performances. The site also allows users to track and catalog the films they have watched as well as discuss with other users on the site.
Letterboxd has grown in popularity in recent years, particularly during the COVID-19 pandemic. The site is also used by various celebrities, including Barbie star Margot Robbie, filmmakers Christopher McQuarrie and Ava DuVernay, and more. In addition to the site, Letterboxd also has a digital film magazine and a podcast and according to Buchanan an von Randow have plans to bring the format to television series rather than just films but won’t do so until “we all know we are able to do it proper”.
What do you consider Letterboxd being acquired by Tiny? Let us know your ideas within the remark part.
Discussion about this post