Mubi was founded in 2007 by Efe Cakarel, a Turkish entrepreneur with backgrounds in both technology and cinema. Cakarel, who had studied at MIT and INSEAD, was inspired to create the platform after being unable to find a film he wanted to watch while traveling. He envisioned a streaming service that would curate the world's best cinema rather than simply aggregating large catalogs.
The platform initially launched under the name The Auteurs, reflecting its focus on director-driven cinema. The service offered a rotating selection of films, with each film available for a limited period (typically 30 days), creating a sense of urgency and discovery that differentiated it from services with permanent catalogs.
In 2010, the company rebranded as Mubi, a name chosen to be short, memorable, and globally recognizable. The rebranding coincided with the platform's expansion into new markets and the launch of Mubi Notebook, a film criticism publication that established Mubi as a cultural authority on cinema.
Mubi expanded into film distribution in the early 2010s, acquiring theatrical and streaming rights for independent films and releasing them in cinemas and on the platform. This vertical integration allowed Mubi to offer exclusive content that could not be found on other streaming services.
The company grew steadily through the 2010s, expanding its subscriber base and geographic reach. Mubi established partnerships with film festivals including Cannes, Venice, Berlin, and Sundance, acquiring rights to festival films and building relationships with filmmakers.
In 2021, Mubi raised $95 million in a funding round led by Andreessen Horowitz (a16z), one of Silicon Valley's most prominent venture capital firms. The investment valued Mubi at approximately $1 billion, making it a unicorn. The funding was used to expand Mubi's film distribution and production activities.
Mubi's most significant achievement in film distribution came with Past Lives (2023), a romantic drama written and directed by Celine Song. Mubi co-produced and distributed the film, which received widespread critical acclaim and was nominated for the Academy Award for Best Picture and Best Original Screenplay. The film grossed approximately $23 million worldwide on a modest budget, demonstrating Mubi's ability to identify and champion exceptional independent films.
Other notable Mubi distributions include films by directors including Pedro Almodovar, Hirokazu Kore-eda, Hong Sangsoo, and other internationally acclaimed filmmakers.
By 2024, Mubi had grown to more than 12 million subscribers in more than 190 countries, establishing itself as the world's leading platform for curated cinema.