Arty Movie Service MUBI Takes $2.4 Million Funding

MUBI, an online access service for independent and artistic films, has taken on a $2.4 million investment round for extra capital and to grow its team, as the over-the-top IPTV distribution opportunity beckons.

The round is led by Consultatio VC Eduardo Costantini, includes existing backers Martin Varsavsky and Alec Oxenford and adds newcomers Aydin Senkut, Georges Harik, Joel Peterson, Bart Decrem and Jose Marin, says.

MUBI shows films like Battleship Potemkin and A Clockwork Orange, plus indie film festival fare, on a PPV basis for $3 and $1 and for a $12/£9.99)-per-month subscription.

As well as merely showing the movies, MUBI goes strong on letting users rate and review them. It’s carried on Playstation 3 as well as web, and could get carried on umpteen more boxes, as the IPTV opportunity unfolds.