I continue to be baffled by this sale. Letterboxd was acquired by Tiny 3 years ago, Tiny’s entire premise is that they hold for the long term. Selling after 3 years is not long term. I don’t understand why Tiny would undermine their raison d’etre unless it’s because the founders (who retain a minority stake) are pushing for it.
Tiny just recently updated their website to emphasize how long they’ve owned each property which is especially confusing given they’re now offloading things https://tiny.com/companies/letterboxd
“Tiny's model — long-term ownership, founder autonomy, no pressure to flip the company in three to five years — fit naturally.”
Having such a high profile film rating site be potentially owned by a film studio has serious conflict of interest issues. Same goes for amazon buying imdb and they've already used that to adjust scores for at least one film they released because of bad reviews. I'm happy to see this get some attention here after my submission didn't because the potential implications of this purchase are big.
Truly, everything good gets milked dry for someone's exit. I know that's usually celebrated in a forum like this, but is it possible things are just a bit out of balance?
If it's bought by A24 or Sony that's absolutely gonna be a conflict on interest and I cannot imagine the platform would ever be impartial for the reviews of their movies. It NYT buys it, then it would be turned into a woke nonsense project. I guess all good things must come to an end.
Tiny just recently updated their website to emphasize how long they’ve owned each property which is especially confusing given they’re now offloading things https://tiny.com/companies/letterboxd
“Tiny's model — long-term ownership, founder autonomy, no pressure to flip the company in three to five years — fit naturally.”
…?
Any source on that ? I found nothing serious, just reddit and Facebook post. No one serious is reporting on it.
service letterboxd enable; service letterboxd start
Dear God, don't let Amazon do what it did to Goodreads here.
Related background on the state of growth there from a few months ago:
The Rise and (Potential) Fall of Letterboxd
https://news.ycombinator.com/item?id=48463894