
Citing Semafor's report, TechCrunch said that Canadian investment firm Tiny - which owns about 60% of the shares of the social network Letterboxd - is approaching a number of potential buyers to seek divestment opportunities.
Among the mentioned parties is Versant (the parent company of CNBC and MS NOW), formerly MSNBC. Another name believed to be interested in this deal is The Ankler - a unit specializing in providing Hollywood news.
Letterboxd was founded in 2011, allowing users to score, write reviews and share favorite movie lists. The platform currently has about 26 million users, a sharp increase compared to 1.7 million accounts in 2020.
TechCrunch said that in recent years, Letterboxd has attracted interest from film studios and many units in the entertainment industry. Previously, the Academy Awards also collaborated on digital content with this platform.