Netflix in talks to buy Letterboxd
(CNN)– Netflix is among the companies vying to buy a social media platform for film lovers.
Letterboxd was founded in 2011, majority-owned by a Canadian company and 40% held by its original co-founders.
Now Variety reports that the company is in talks with multiple possible buyers for its app and website.
The suitors could include Netflix, along with Sony Pictures, Paramount Skydance, and a venture capital firm led by Reddit Co-creator Alexis Ohanian.
Letterboxed currently has more than 30-million members including around 10 million added in the past year.