Chinese Billionaire Zhang Xin Joins Mubi Board Following Closer Media Investment

Zhang Xin, founder of Closer Media and former SOHO China CEO, brings her expertise to Mubi as the company expands its global footprint in arthouse cinema.

• Zhang Xin, Chinese billionaire and founder of Closer Media, has joined the board of directors at global streaming and distribution company Mubi.
• Closer Media, Zhang's New York-based film production and financing group, has made an undisclosed investment in Mubi as part of this collaboration.
• Zhang previously co-founded SOHO China, a major real estate firm, and has transitioned into the media industry with a focus on film production and financing.
• Mubi, founded in 2007, has evolved from a streaming service to a full-fledged production and distribution company, with recent successes like Coralie Fargeat’s 'The Substance,' which grossed over $75 million globally.
• The company is expanding its slate with high-profile projects from renowned filmmakers, including Jim Jarmusch, Kelly Reichardt, and Luca Guadagnino, while also running a cinema app, podcasts, and a publishing arm.

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