B.C. tech holding company Tiny buys majority stake in film review platform Letterboxd

Tech holding company Tiny Ltd. says it's buying a majority stake in movie review platform Letterboxd.
Victoria, B.C.-based Tiny has not shared what it will pay for the 60 per cent stake it will take in the film diary and rating website.
Letterboxd co-founder Michael Buchanan says the deal secures the platform’s future as an independently run company, while taking advantage of Tiny's experience helping founders through growth periods.
He adds the transaction will change little about the business because he and Letterboxd co-founder Karl von Randow will retain their stake in the company and continue to lead their team.
In connection with the transaction, Buchanan and van Randow will buy more than 1.4 million common shares of Tiny for $3.40 each, delivering gross proceeds of roughly $4.8 million to Tiny.
Letterboxd has 10 million members across more than 200 countries and counts stars Margot Robbie, Olivia Rodrigo and Ava DuVernay as users.
The roster of companies Tiny owns a controlling stake in includes coffee maker manufacturer AeroPress, talent firm Dribble, women's empowerment organization Girlboss and technology developer MetaLab.
This report by The Canadian Press was first published Sept. 29, 2023.
CTVNews.ca Top Stories

'Shadows of children': For the youngest hostages, life moves forward in whispers
After seven weeks held hostage in the tunnels of Gaza, they are finally free to laugh and chat and play. But some of the children who have come back from captivity are still reluctant to raise their voices above a whisper.
A pregnant Texas woman asked a court for permission to get an abortion, despite a ban. What's next?
Kate Cox, a mother of two in Texas, became pregnant again in August but soon after learned devastating news: Her baby has a fatal condition and is likely to either be stillborn or die shortly after birth.
Extremely rare white alligator is born at a Florida reptile park
An extremely rare white leucistic alligator has been born at a Florida reptile park. The 19.2-inch (49 cm) female slithered out of its shell and into the history books as one of a few known leucistic alligators, Gatorland Orlando said Thursday.
Minnesota grocery store clerk dies after customer impales him with a golf club, police say
A Minneapolis store clerk died after a customer beat him and impaled him with a golf club, police said. The 66-year-old clerk was attacked Friday at the Oak Grove Grocery, a small neighborhood store in a residential area near downtown Minneapolis. A 44-year-old suspect is jailed on suspicion of murder.
A Soviet-era statue of a Red Army commander taken down in Kyiv
City workers in Kyiv on Saturday dismantled an equestrian statue of a Red Army commander, the latest Soviet monument to be removed in the Ukrainian capital since Russia launched its full-scale invasion last year.
Ibrahim Ali found guilty of killing 13-year-old girl in B.C.
A jury has found Ibrahim Ali guilty of killing a 13-year-old girl whose body was found in a Burnaby, B.C., park in 2017.
Protests at UN climate talks, from ceasefire calls to detainees, see 'shocking level of censorship'
Activists designated Saturday a day of protest at the COP28 summit in Dubai. But the rules of the game in the tightly controlled United Arab Emirates meant sharp restrictions on what demonstrators could say, where they could walk and what their signs could portray.
Bill 15: Quebec health reform passes after gov't invokes closure
After sitting through the night, early Saturday morning, members of the Quebec legislature finally passed Bill 15 to reform the health-care network, voting 75 to 27.
Marathon Conservative carbon tax filibuster ends after nearly 30 consecutive hours of House votes
The Conservative-prompted filibuster in the House of Commons ended Friday night, after MPs spent nearly 30 hours voting non-stop on the government's spending plans.