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.”

…?