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Benjamin Mullin / New York Times:
Letterboxd's founders sell a majority stake to Canadian company Tiny; a source says the deal values the film-focused social network with ~10M users at $50M+
Josh Kosman / New York Post:
Source: Diamond Sports is seeking to cut the broadcast fees it pays to the NHL and NBA by up to 20%; Diamond pays NBA teams about $600M a year
Manish Singh / TechCrunch:
One of India's largest music labels Saregama acquires a 51.82% stake in Pocket Aces, which produces short-form video content aimed at young Indians, for ~$20M
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