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Letterboxd, the social platform for film buffs, reportedly looking for new owner

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Letterboxd has surged in popularity in recent years. Once a niche site for only the most fervent of film nerds, the site — which allows users to rate, review, and recommend movies to one another — has continued to add accounts by the tens of millions, thanks largely to interest from millennials and Gen Z. Now, the company’s controlling investor has apparently made it known that they are looking to cash out.

Semafor reported Sunday that Canadian holding company Tiny, which owns some 60% of Letterboxd, has been courting various potential buyers, including Versant, the parent company of CNBC and MS NOW (formerly MSNBC). Another potential buyer is The Ankler, a popular Hollywood newsletter, according to Semafor. Tiny bought the platform in 2023, valuing it at over $50 million. It’s unclear whether the company has neared any sort of deal.

Representatives for Letterboxd and Tiny did not immediately provide comment when reached by TechCrunch.

Founded in 2011, Letterboxd saw a jump in users in the past few years, climbing to about 26 million users this year, up from 1.7 million in 2020, according to The New York Times. In recent years, the site has seen interest from movie studios, which see it both as a vehicle for marketing films and a source of information about moviegoer trends, as well as from the Oscars, which teamed up with the social platform in a digital content partnership several years ago.

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2027: Do I look 80 – Atiku asks Nigerians, tackles age concerns

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The African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has dismissed concerns about his age ahead of the 2027 presidential election, challenging critics to say whether he looks like someone approaching 80.

Atiku spoke in an interview with BBC Hausa published on Friday while responding to concerns that his age could affect his ability to provide effective leadership if elected.

The former vice president was asked whether his age could affect his ability to provide effective and healthy leadership for four years if elected president.

The interviewer noted that Atiku would be “almost or nearly 80 years old” by the time Nigerians vote in 2027 and asked what he would say to those who consider his age too advanced for the presidency.

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Responding, Atiku referenced President Bola Tinubu’s age before challenging the premise of the question.

“You went and voted for someone who is 80, I mean 90 years old. How old is President Bola, 90?” he asked.

When the interviewer corrected him, saying Tinubu was not yet 80, Atiku replied: “Do I look to you like someone who has reached 80 years of age?”

The exchange comes as Atiku intensifies preparations for the 2027 presidential election and seeks to rally opposition politicians behind a coalition aimed at challenging the ruling All Progressives Congress (APC).

Atiku also rejected claims that he had become an obstacle to the opposition coalition, saying he was instrumental in bringing the group together.

“That is a baseless accusation levelled against me. I was actually the one who initiated the coalition. Nobody else… I, Atiku Abubakar, started it,” he said.

According to him, most of the politicians who started the coalition remained together despite disagreements among some major opposition figures.

He identified NDC presidential candidate Peter Obi and his running mate, Rabiu Kwankwaso, as the two major opposition figures who had left the group.

“It was just Kwankwaso… he was with us at first, then he left,” Atiku said.

Asked about Obi, he added: “Yes, and also Peter Obi. It’s just them, but the rest of us are still here continuing our work.”

Atiku, however, said there was still a possibility of opposition politicians working together before the 2027 election.

“Nothing is impossible, by God’s grace.

“One day you’ll see… we have agreed to work together to save this country and its poor citizens, Insha Allah,” he said.

The former vice president also criticised the Federal Government’s handling of the removal of the petrol subsidy, questioning how the savings from the policy had been spent.

“I did not oppose the removal of the oil subsidy, but where is the money? Where did it go?” Atiku asked.

He said the funds were supposed to be used to reduce poverty, improve education, tackle insecurity and create opportunities for young Nigerians.

“Where is the money now? It seems they are just stealing it,” he alleged.

Atiku also promised to restore the petrol subsidy if elected president and demanded that anyone who had stolen the funds refund them.

“If elected, I will bring back the oil subsidy, and whoever stole the money must refund it,” he said.

He further argued that the subsidy could have been removed without causing the level of hardship currently experienced by Nigerians if the savings had been properly utilised.

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TCN Has Capacity To Wheel 8,700MW Bulk Electricity – Official

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By Constance Athekame

The Transmission Company of Nigeria (TCN) says it has expanded the country’s grid wheeling capacity to over 8,700 MegaWatts (MW) in the last one year.

Mr Oluwagbenga Ajiboye, TCN’S Executive Director, Transmission Service Provider (TSP) disclosed this on Thursday at a three -day capacity workshop for Power Correspondents in Keffi , Nasarawa State.

The workshop has the theme, ”Assessing the Impact and Challenges of Transmission Network in Nigeria”.

According to Ajiboye, if the Electricity Distribution Companies (DisCos) are ready to pick load, TCN can conveniently wheel 8,700MW bulk electricity.

“Through a blend of internally funded initiatives and over 1.4 billion dollars in multilateral development financing, TCN is systematically rehabilitating ageing assets and expanding the transmission network.

H said that a major pillar of the company’s infrastructure development drive was the deployment of over 89 power transformers across the network.

He said that the addition were done across Lagos, Abuja, Benin,Kano, Jos,Gombe, Oshogbo, Asaba and other locations across the country.

Ajiboye said that that the rollout of the transformers added over 8,500 Mega Volt Ampree (MVA) of new capacity to the transmission network thereby enhancing bulk power delivery to DisCos nationwide.

”With the addition of 300 MVA transformer units at strategic locations, including Katampe, Lekki, Ikeja West and Akangba, TCN is actively addressing critical load constraints.

”This targeted expansion ensures that increased transmission capacity translates into improved operational resilience and enhanced peak power delivery to Nigerian homes and businesses.” he said.

He also said that preventive maintenance had been carried out on more than two thirds of all TCN’S locations nationwide.

He said that the company would continue to work with the office of the National Security Advisor (ONSA), security agencies and community vigilante structures to protect critical power infrastructure

Ajiboye commended the media for its sustained role in shaping public understanding of the power sector.

According to him, transparent engagement with the energy-reporting media remains vital to building public trust and ensuring that technical realities are accurately communicated to the public.

Earlier, Assistant General Manager, Public Affairs, TCN’S, Mr Eric Ene, said that the engagement served as a strategic platform for TCN’S executives and technical experts to provide detailed insights into grid expansion efforts.

He said that the workshop would also give details on preventive maintenance, system stability initiatives, and the broader roadmap for the nation’s power transmission infrastructure.

Edited by Kadiri Abdulrahman

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