Canadian firm Tiny acquired the social movie platform for more than $50 million.
Social film discussion platform Letterboxd has been sold. According to Variety, the popular site has been acquired by Canadian holding company Tiny for more than $50 million. Letterboxd was founded in 2011 in New Zealand by Matthew Buchanan and Karl von Randow and has more than 10 million registered accounts. According to the report, Buchanan and von Randow will continue to lead the company.
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" Tiny co-founder Andrew Wilkinson said."Our aim is to make Letterboxd the ultimate destination for anyone looking to discover or discuss movies online… and we believe the untapped market potential for superior discovery and discussion is a huge opportunity.
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