A $250 million price tag for a platform that makes no content — and the lesson for those who make plenty
The next battleground in global entertainment is not content — it is fandom. The sale process for Letterboxd, the world's largest social platform for film lovers, has moved into management meetings, and the early roster of suitors includes Netflix, Sony Pictures and Paramount alongside private equity players TPG and RedBird and Reddit co-founder Alexis Ohanian.
