Sources: NYT has entered exclusive negotiations to acquire Letterboxd for roughly $330M; A24 dropped out of negotiations after price expectations rose
THE SO WHAT
NYT moving to buy Letterboxd for ~$330M is another data-and-community land grab—own the niche graph, then layer subscriptions and recommendations. Media and streaming operators should assume the most valuable fan communities will get consolidated into a few cross-media stacks.
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