You will be redirected back to your article in seconds

SVOD Service Mubi Raises $7.5 million in Additional Investment

LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel.

Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg.

Cakarel, who is a former Goldman Sachs staffer, said that Mubi’s investors include Joe Osnoss and Simon Patterson, co-heads of Silver Lake Management’s European investment biz, Working Title co-chief Eric Fellner, and Pascal Cagni, a former exec at Apple. Venture-capital company MMC Ventures is also among Mubi’s new investors.

In February, Samsung, the world’s biggest maker of smartphones and televisions, agreed to offer Mubi on its smart televisions and Blu-ray devices.

The number of registered users is 7 million, and its subscriber base has been growing by 3% a week for the past 18 months, Cakarel claimed. Revenue will rise to about $100 million in three years.

The service costs 2.99 pounds ($4.96) a month in the U.K.

“We are seeing massive growth in the U.K. and Germany, and increasingly Turkey,” Cakarel said. “We’re in both developing and developed markets, but we’re most excited about emerging markets that have strong potential for growth.”

The company launched in Mexico in the past month, and is expanding into Asia.

More Film

  • A Star Is Born Lady Gaga

    'A Star Is Born' CinemaCon Trailer Shows Lady Gaga, Bradley Cooper Singing Live

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Justice League Teaser Aquaman

    'Aquaman' Footage Debuts at CinemaCon; 'Wonder Woman 2' Details Revealed

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • avengers infinity war

    'Avengers: Infinity War' Is Atom Tickets' Biggest Pre-Seller Ever

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • 'No Greater Law' Review: Tribeca Film

    Tribeca Film Review: 'No Greater Law'

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • State Like Sleep

    Tribeca Film Review: 'State Like Sleep'

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Kevin Feige

    Marvel's Kevin Feige Teases How 'Captain Marvel' Will Bring Back the '90s

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Variety Names 10 Producers to Watch

    Variety Names 10 Producers to Watch for 2018

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

More From Our Brands

Access exclusive content