Tiny Takes Over Letterboxd, Expanding Online Film Community
Letterboxd, the popular social network for movie buffs, has announced that it is selling a majority stake in the company to Tiny, a public company in Canada. The deal values Letterboxd at over $50 million. The founders reassured users that they will remain involved and that the service itself will not change immediately. The founders also mentioned plans to incorporate TV recommendations and reviews in the future. Letterboxd experienced significant growth during the pandemic, with over 10 million registered accounts. Tiny, a holding company, plans to support Letterboxd's expansion while maintaining its existing business model.