Crowdfunding campaign hopes to save Letterboxd from venture capitalists

Letterboxd is up for sale, and Intrinsic Entertainment Collaborative is running a Seed & Spark crowdfunding campaign to raise funds for an acquisition. In April, Semafor reported that Tiny, which acquired a majority stake in Letterboxd in 2023, was exploring a sale; interested parties reportedly included Versant and The Ankler.

Intrinsic warns that another private equity or corporate acquisition could be "optimized and slowly hollowed out until it becomes something else," and says it wants to preserve Letterboxd as "the top rung of the filmmaking ladder — the place where films that have managed to get made, marketed, and released could connect to their audiences." The Seed & Spark campaign raised $128,569 in its first five days, surpassing the $100,000 goal.

Intrinsic says the first $100,000 will cover legal and due diligence fees, with additional funds going toward an offer to buy Letterboxd; the campaign will remain active for over 54 more days.

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