Mubi founder and CEO Efe Cakarel has addressed recent criticisms linking the company to an investor with Israeli military ties. In a heartfelt letter to the film community, Cakarel clarifies Mubi’s relationship with Sequoia Capital following backlash over its investment footings, while also outlining new initiatives to support filmmakers facing political and social challenges. These steps aim to demonstrate Mubi’s commitment to independent cinema and ethical practices, particularly amid controversies involving international politics.
Clarifying the Relationship with Sequoia Capital
Mubi, known for its dedication to independent filmmaking, has come under scrutiny since announcing a $100 million investment from Sequoia Capital. The controversy stems from Sequoia’s connections to Kela, a defense-tech startup founded by former Israeli intelligence officers. Critics, including 63 directors, have voiced concerns linking Mubi’s financial ties to conflicts in Gaza.
Cakarel, originally from Turkey, expressed his anguish over the humanitarian crisis in Gaza and refuted claims linking Mubi’s profits to the Israeli military. He emphasized that the company’s earnings benefit Sequoia’s limited partners, such as universities and foundations, rather than funding defense-related initiatives.
Addressing Concerns About Investor Influence
The CEO also clarified Sequoia’s minority status in Mubi, ensuring the investor has no impact on the company’s editorial or strategic decisions. He specifically addressed the role of Shaun Maguire, a Sequoia partner criticized for past Islamophobic remarks, confirming he has no involvement in Mubi. Cakarel stated that the company has directly communicated its concerns regarding Maguire to Sequoia.
Initiatives for Transparency and Artist Support
To maintain transparency, Mubi is implementing an Ethical Funding and Investment Policy to delineate future investor criteria. Furthermore, an independent Artists Advisory Council, composed of filmmakers and cultural experts, will provide ongoing guidance and oversight. This council aims to shield Mubi’s editorial choices from investor influence.
Mubi is also launching an Artists at Risk fund to support filmmakers facing conflict or censorship, including projects by Palestinian artists. Over the next three years, this fund will finance commissions, residencies, and restoration efforts, administered by an independent panel.
Championing Independent Cinema
Despite the recent challenges, Mubi continues to be a beacon for diverse voices in cinema. With a history of supporting filmmakers from Iran, Palestine, and Turkey, the company remains committed to its core mission. Renowned for its influence in the independent film scene, Mubi intends to keep providing a platform for bold and visionary storytelling.
Efe Cakarel’s letter closes by reaffirming Mubi’s dedication to transparency and the artistic community, emphasizing the importance of continuing support for global cinema.
