Summary:
MUBI faces backlash over funding from Sequoia Capital, which also invests in Israeli defense startup Kela
Social media outcry led by calls to add MUBI to the BDS list
MUBI defends partnership, stating investors' beliefs don't reflect its views
MUBI remains committed to independent, founder-led operations and diverse cinema
Despite controversy, MUBI continues to support Palestinian films and filmmakers
MUBI, a burgeoning streamer and distributor, has recently found itself at the center of controversy due to its financial ties with Sequoia Capital, a Silicon Valley-based venture capital firm. Sequoia, known for its investments in tech giants like Apple and Google, has also funded Kela, an Israeli defense startup founded by intelligence veterans, sparking backlash from various communities.
The Backlash Explained
The criticism intensified on social media, particularly after a post by user @atlajala called for adding MUBI to the BDS (Boycott, Divestment, and Sanctions) list, citing Sequoia's involvement in military support. Film Workers for Palestine also expressed horror, demanding the investment be returned.
MUBI's Response
In a statement, MUBI defended its partnership with Sequoia, emphasizing that the firm's diverse portfolio includes companies across various industries and geographies. MUBI clarified that the personal beliefs of individual investors do not reflect its views, reaffirming its commitment to independent, founder-led operations.
MUBI's Mission and Growth
Founded in 2007, MUBI has carved a niche as an arthouse streaming service, deliberately avoiding mainstream content to maintain its brand identity. Recent successes, including the acquisition of high-profile films at Cannes, have positioned MUBI as a significant player in the film industry.
Despite the controversy, MUBI continues to showcase Palestinian films and filmmakers, highlighting its commitment to diverse and bold cinema.
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