Overview

• Mubi has refused calls to sever its partnership with Sequoia Capital, emphasizing the investor holds only a minority stake and no decision-making authority
• Filmmakers and cultural partners continue to criticize the company’s Sequoia association, with some festivals withdrawing support despite Mubi’s announced governance measures
• CEO Efe Cakarel asserted that profits from Mubi flow to Sequoia’s limited partners rather than funding defense-tech firms like Kela
• Cakarel clarified that Shaun Maguire has no operational role or board seat at Mubi and that the company does not endorse his views
• A draft Ethical Funding and Investment Policy will be published on August 15 for public comment, with an independent Artists Advisory Council due by September 15 and an Artists At Risk Fund detailed by October 30