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.”
…?
dtagames 20 hours ago [-]
Three years is long term in the tech and VC world.
At a $300M sale, the project achieved its goal and it's time to exit.
Grombobulous 1 days ago [-]
I imagine that in life and business there’s no such thing as a decision that is never regrettable. I guess it just didn’t work out.
OzzyB 1 days ago [-]
so you _believed_ them -- that is the only takeaway from this.
UqWBcuFx6NV4r 24 hours ago [-]
The much more pertinent point is that it is counter to their apparent track record.
simulator5g 18 hours ago [-]
Investment firms are apparently not immune to enshittification
rdmuser 1 days ago [-]
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.
Edit: I believe I made an error re the claim imdb changed the score of at least one amazon owned film. See replies for more info. Apologies!
aucisson_masque 1 days ago [-]
> Same goes for amazon buying imdb and they've already used that to adjust scores for at least one film they released
Any source on that ? I found nothing serious, just reddit and Facebook post. No one serious is reporting on it.
rdmuser 1 days ago [-]
Ah actually unfortunately I think I made a mistake there so I apologize for that. Should have double checked instead of speaking from memory. I believe I was thinking of The Little Mermaid change but it seems like that wasn't their film. Sorry!
> Should have double checked instead of speaking from memory.
Claude :)
rdmuser 23 hours ago [-]
Oh is that a claude thing? Definitively a false positive in this case and I don't care much for ai in general. Pretty damn awkward that I might need to memorize ai text styles even though I don't use them so I don't accidentally write the same way as one of them.
1 days ago [-]
madeofpalk 1 days ago [-]
The problem with Amazon owning IMDB, or A24 potentially owning Letterboxd, is not that they would screw with it, but that every move they make will be put through that lease. Even with NYT being the owners I’m sure there would be the regular ‘drama’ of whatever woke/anti-woke influence they may have over it.
dtagames 20 hours ago [-]
The corollary is that when the product gets this big and this good (it's terrific), someone is going to buy it.
It's a sign that the developers built a product with demand.
clayhacks 1 days ago [-]
Is there an ATproto or activity pub version of letterboxd? I like A24, but not sure how much I trust Sony or the NYT to run it reasonably
rurban 1 days ago [-]
A24 is the biggest cheater on Letterboxd, buying 5 star raters en masse. Warner is not much better. Sony is ok.
madeofpalk 1 days ago [-]
What 5 start ratings have they purchased?
rurban 16 hours ago [-]
Hundreds. Basically all the films they submit to a major festival.
Slow_Hand 22 hours ago [-]
Source?
rurban 16 hours ago [-]
My research in doing http://cannes-ratings.org
The cheat detection logic is not public, but reliable
lentil_soup 15 hours ago [-]
Can you expand on this? I don't understand what you mean. You're saying they buy people to vote on the letterboxd?
rurban 14 hours ago [-]
Exactly. There are dozens of people giving only 5 stars to a certain companies films.
rurban 14 hours ago [-]
And after 10 years of this going on, they finally did something against it. Unfortunately the wrong thing. They don't show pre-screening ratings anymore, amassing the cheater ratings then to the public on the Premiere day. Pretty hard to catch them this way. They should catch and block them before.
imdb had the very same problem before, but nobody trusts imdb ratings anyway.
metacritic and rotten-tomatoes don't need cheaters en masse, they just need to pay one or two popular "influencers".
r721 9 hours ago [-]
RateYourMusic has a great algorithm I think - they assign rating weights to users depending on how their rating distribution looks like, so anybody who rates everything with 5/5 would have zero weight.
This looks almost too good to be true! Thank you for sharing. I'm going to migrate my 600+ library over tonight.
hotsalad 1 days ago [-]
Heh, the name makes it sound like a daemon.
service letterboxd enable; service letterboxd start
535188B17C93743 1 days ago [-]
Can't wait for the enshittification of Letterboxd.
Dear God, don't let Amazon do what it did to Goodreads here.
crossroadsguy 17 hours ago [-]
It has happened. Wait isn't necessary.
dgellow 1 days ago [-]
Damn, that asking price is insane
kkotak 1 days ago [-]
Why not $3B? or $30B, even?
mpalmer 1 days ago [-]
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?
kennywinker 1 days ago [-]
America hasn’t had real antitrust law for >40 years. It should be impossible for a review site to be purchased by a company that makes things reviewed on that site. Reagan era neoliberalism defanged antitrust, and brought on the corpo-hellscape we live in today.
thrownaway561 1 days ago [-]
so glad I move over to TMDB the other day. Letterboxd layout is the worst.
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.
nimih 1 days ago [-]
part of the charm of letterboxd is that its median reviewer is far more woke than every NYT contributor combined, imo.
Rendered at 22:27:08 GMT+0000 (Coordinated Universal Time) with Vercel.
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.”
…?
At a $300M sale, the project achieved its goal and it's time to exit.
Edit: I believe I made an error re the claim imdb changed the score of at least one amazon owned film. See replies for more info. Apologies!
Any source on that ? I found nothing serious, just reddit and Facebook post. No one serious is reporting on it.
https://www.avclub.com/the-little-mermaid-imdb-changes-ratin...
Claude :)
It's a sign that the developers built a product with demand.
imdb had the very same problem before, but nobody trusts imdb ratings anyway.
metacritic and rotten-tomatoes don't need cheaters en masse, they just need to pay one or two popular "influencers".
https://rateyourmusic.com/wiki/RYM:Weighting+FAQ
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