Letterboxd Is Up for Sale, and A24, Sony and the New York Times Are Bidding

Letterboxd, the app where film Twitter went to live, could soon have a new owner. According to a new report , The New York Times, A24, and Sony Pictures are among the suitors who've expressed interest in buying the site.

The asking price? More than $300M, per the Times' sources. That's roughly 20 times the approximately $15M Letterboxd is projected to earn this year. Not bad for a site started in 2011 by two New Zealand designers, Matthew Buchanan and Karl von Randow, who were annoyed that movie lovers had nowhere decent to gather online.