Film site MUBI pulls in $2.4 million to socialise cinema buffs

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MUBI, the online cinema platform, says it’s hit a significant growth curve recently, crossing one million registered users. It’s also raised $2.4 million from Angels to strengthen its balance sheet and grow the team in a round round led by Eduardo Costantini and which includes existing investors, Martin Varsavsky (founder of Fon), and Alec Oxenford.

The investment was joined by Aydin Senkut, Georges Harik, Joel Peterson, Bart Decrem, Eduardo Costantini, and Jose Marin. There were no institutional investors.

Headquartered in London with offices in Palo Alto and Paris, MUBI counts Martin Scorsese as a member and describes itself as a kind of Rdio or Spotify for film. It’s certainly been doing deals to that effect – it has 145 distribution deals globally and cleared rights to show more than 3,000 films.

Founder and CEO Efe Cakarel describes the vision as being to “create a platform where you access the best films instantly on any device globally.” To that end it is curated, with a strong editorial bent on the “best” films.

So we’re talking a VOD site with a social side where you follow friends (like on Twitter) and receive their film activity on your newsfeed on MUBI, Facebook, and Twitter.

It’s also available on PlayStation 3 after Sony invested in return for revenue share and is integrated with PlayStation Network and their billing system in 18 countries.

  • Film Site MUBI Secures $2.4 Million To Socialise Cinema Buffs | JetLib News

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  • Zyno

    Looks really good!

  • Timothy Ryan

    This looks awesome! Im always interested in this stuff as a content creator. The more outlets the better, and with a social side can really drive niche products (like some of the action sports videos I’ve done).

  • Graham

    Looks cool, been looking for a good alternative to owning DVDs apart from iTunes. PS3 comapatable too, gets better

  • Jay

    Was checking out this site a while back when it was called Like the name MUBI a lot better.

  • Lorna Singh

    I’ve been a member for 2 years and highly recommend it.Excellent films,a forum with interesting topics.Plus the best layout of any film site.

  • Allison


  • dingus

    that’s really great. but no PS3 compatibility in the US means it’s irrelevant to me.
    what’s the hold up?

  • Oh, Sugar! » Film Site MUBI Secures $2.4 Million To Socialise Cinema Buffs

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  • Lucrari Licenta
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