Entertainmentomubi is explained after controversy about partnership with investor invested in social networks raised questions about the platform’s financiers, forcing the company to publicly position the newsroom

Entertainmentomubi is explained after controversy about partnership with investor invested in social networks raised questions about the platform’s financiers, forcing the company to publicly position the newsroom

Criticism on social networks raised questions about the platform’s funders, forcing the company to position itself publicly

THE Mubicstreaming platform aimed at authorial cinema, spoke after receiving a flood of criticism for accepting an investment of $ 100 million from Capital sequoiaRisk capital firm from Silicon Valley. The problem? The same company also recently allocated $ 10 million to the defense startup Kelhafounded by former Israeli intelligence member, a connection that rekindled debates on indirect funding to the conflict in Gaza.

The controversy exploded on social networks, driven by a viral post in the X (former Twitter), which accused the Mubic of having “bought by Zionist capitalists” and asked for his boycott, relating the partnership to military support to Israel. The collective Film Workers for Palestine also manifested with indignation, demanding that the Mubic return the investment.

In response, the company published a statement in Instagram defending the decision. Stated that the Sequoiawhich also has participation in giants as Apple, Google and Nvidiais only one of several sources of financing used by the Mubic since its foundation. “Individual investor beliefs do not reflect the values ​​of Mubic”Wrote the platform.

THE Mubic was born in 2007 in Türkiye, initially with the name The Autursand always positioned itself as an alternative service, prioritizing independent cinema. The Founder EFE CAKAREL has already stated publicly that the company’s focus will never be blockbusters: “If Michael Bay wanted to release a movie in Mubicthe answer would be no. This is what compromises the brand. ”

In recent years, the platform has grown considerably and has become a strong name in the Festivals and Awards circuit. In May, it invested heavily in Cannes Festival and bought the drama Die My Lovestarring Jennifer Lawrencefor $ 24 million. In addition, the Mubic He has exhibited Palestinian films and Gaza productions in his catalog.

Closing the statement, the company stressed that it continues to be led by its founders and reaffirmed the commitment to bring bold and visionary films to global audiences, regardless of the controversies around their investors.

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Communication Translation:

“Since our foundation, the Mubic raised resources from various sources to enable their growth. The decision to have external investors has always had one goal: to accelerate our mission of bringing bold and visionary films to audiences around the world. It was for this purpose that we recently signed a partnership with Venture Capital firm Capital sequoia.

With more than 50 years of operation, the Sequoia It has a consolidated history of support for entrepreneurs, helping to transform ideas into business that impact the world. Its investments cover a variety of founders sectors, regions and profiles. We chose to work with the Sequoia because the company – and, in particular, the partner Andrew Reed – Share the mission of Mubic And you want to contribute so that we can broaden our reach and bring good cinema to even more people.

In recent days, some members of our community have expressed concerns about the partnership with the Sequoiaconsidering firm investments in Israeli companies and personal opinions manifested by one of their partners. Individual investor beliefs do not reflect the values ​​or positions of the Mubic.

We take the questions of our community seriously and follow firmly in our commitment to remain an independent company, led by its founders. “

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Source: Rollingstone

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