Efe Cakarel responded to controversy surrounding MUBI’s $100 million investment from Sequoia Capital due to ties to the Israeli military. He clarified that MUBI's profits do not fund Sequoia’s other investments and denied claims that earnings support the war in Gaza. Cakarel addressed criticisms of Sequoia partner Shaun Maguire, stating he has no involvement with MUBI. MUBI will create an Ethical Funding and Investment Policy and an artist advisory council to inform future funding partnerships. The public is invited to contribute feedback, with guidelines set to be finalized by mid-October.
Cakarel stated the profits MUBI generates do not fund other companies in Sequoia's portfolio, and the suggestion that their work is funding the war in Gaza is simply untrue.
Cakarel emphasized that Sequoia partner Shaun Maguire has no operational or strategic involvement with MUBI and the company does not endorse his views.
Cakarel outlined plans for an 'Ethical Funding and Investment Policy' to set criteria for future funding partners and establish an advisory council of filmmakers.
The final version of the funding guidelines will be published October 15, with public feedback being invited on the policy before it is finalized.
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