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CEO Efe Cakarel of film platform Mubi addresses controversy regarding new investor and Israeli military ties, establishes advisory board and fund to safeguard artists under threat.

Mubi's CEO, Efe Cakarel, has penned a letter outlining the company's association with Sequoia, along with announcing the establishment of an artist-centric oversight committee and a dedicated fund for creative individuals.

Investment Changes Spark Controversy: Efe Cakarel, Mubi's Leading Figure, Addresses Criticisms Over...
Investment Changes Spark Controversy: Efe Cakarel, Mubi's Leading Figure, Addresses Criticisms Over alliance with new Investor Due to Israeli Military Links; Establishes Counseling Group and Financing for Endangered Artists

CEO Efe Cakarel of film platform Mubi addresses controversy regarding new investor and Israeli military ties, establishes advisory board and fund to safeguard artists under threat.

Mubi, the arthouse distributor and producer with a mission to champion independent voices in cinema, has been embroiled in a controversy surrounding its funding practices. Here is a summary of Mubi's response and the steps it has taken to address the concerns:

Mubi's Response

Mubi CEO Efe Cakarel released an open letter, emphasizing that any suggestion that Mubi's work is connected to funding the war is "simply untrue" and contradicts the company's values. Cakarel stated that Mubi condemns all acts that harm innocent civilians and supports the right of all people to live in peace and safety.

Mubi has reaffirmed its commitment against war and tyranny, supporting the dignity and freedom of all people. However, the company has not explicitly detailed any new measures to ensure ethical funding practices beyond this statement.

Steps Toward Ethical Funding Practices

Mubi has not publicly announced any specific steps to change its investment practices or dissociate itself from Sequoia Capital despite the criticism. The backlash from filmmakers and industry peers continues, with 63 directors signing an open letter urging Mubi to reconsider its relationship with Sequoia Capital due to the firm's ties to Israeli defense-tech start-ups.

In an effort to address these concerns, Mubi is formalizing an Ethical Funding and Investment Policy to be published in 2025. Additionally, Mubi is establishing an Artists Advisory Council to be formed by September 2025, which will include filmmakers, artists, cultural voices, and a human-rights due-diligence expert.

Supporting Filmmakers and Artists

Despite the controversy, Mubi has been applauded by indie directors and producers for favoring theatrical releases and giving them full transparency over revenues. Mubi has distributed movies by Iranian, Palestinian, and Turkish filmmakers, including Jafar Panahi, Mohammad Rasoulof, Fatih Akin, Hany Abu-Assad, Haifaa Al-Mansour, and Elia Suleiman.

Mubi has also created an Artists At Risk Fund to support filmmakers working under conflict, displacement, or censorship, including Palestinian filmmakers, over the next three years. One of Mubi's notable achievements is distributing "No Other Land," the Oscar-winning documentary co-directed by a team of Palestinian and Israeli filmmakers, in major European territories.

Future Commitments

Mubi is committed to elevating great cinema and making it accessible to audiences worldwide. In line with this mission, the company is moving forward with its plans to fund commissions, residencies, and restoration projects administered at arm's length by an independent panel.

As Mubi continues to navigate this complex issue, it remains focused on its core mission to support independent voices in cinema and promote peace and understanding through the power of film.

[1] The Hollywood Reporter [2] Variety [3] IndieWire

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