# @puckdotnews on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DJiVP81PyT6
- **Gondola URL:** https://gondola.cc/posts/73246856-puckdotnews-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/193056c338.jpg
- **Posted:** 2025-05-12T02:17:14.000+00:00
- **Account Owner:** Puck (@puckdotnews) — https://gondola.cc/puckdotnews

## Caption

Mubi is turning into the feel-good story of the independent film business. ⁠
⁠
Fresh off its awards season hit ‘The Substance,’ the art house streaming service/film distributor is raising $100 million from a consortium led by Sequoia Capital, three sources familiar tell Puck’s Hollywood partner, Matt Belloni. ⁠
⁠
“If the deals close as expected, the round will value Mubi at more than $1 billion,” Matt reports. “Not bad for a niche streamer launched back in 2007 by C.E.O. Efe Cakarel, with the mission of connecting cinephiles to classic and auteur-driven films.”⁠
⁠
Read Matt’s full dispatch, at the link in bio.⁠
⁠
Photo courtesy of Mubi⁠
⁠
#Mubi #TheSubstance #DemiMoore #Hollywood #Entertainment⁠
⁠
👉 Hitting our paywall? Type in promo code SOCIAL at checkout for 20 percent off your Puck subscription for a limited time.

## Stats

- **Views:** 0
- **Likes:** 247
- **Shares:** 0
- **Comments:** 2

## Tags

hollywood, thesubstance, entertainment, mubi, demimoore

---
Copyright (c) Gondola