Arthouse streaming platform and distributor, Mubi, has recently acquired a majority stake in Cinéart, a prominent independent distributor in the Benelux region. This move represents Mubi’s ongoing efforts to expand beyond its core streaming business and solidify its position in the global market.
With no financial details disclosed, the acquisition ensures that Cinéart’s management team will continue to independently lead the company as a European distributor. The current team structure and slate of films will remain unchanged, allowing for seamless operations. Additionally, Cinéart’s Co-CEOs, Marc Smit and Stephan De Potter, will retain significant ownership in the company.
Established in 1975 by Eliane Dubois, Cinéart has offices in Amsterdam and Brussels. Over the years, it has released several prestigious independent films, including “Slumdog Millionaire,” “The Artist,” “Amour,” and “I Daniel Blake,” among others. Notably, their current lineup includes the critically acclaimed “The Zone of Interest.”
Founder and CEO of Mubi, Efe Cakarel, expressed his admiration for Cinéart and its leaders, stating, “They are two of the most sophisticated and visionary operators in the business.” Cakarel looks forward to partnering with Cinéart and bringing more outstanding films to audiences in the Benelux region.
Mubi and Cinéart have already collaborated on previous projects, such as the successful theatrical release of Sofia Coppola’s latest film, “Priscilla,” in the Benelux region. This collaboration resulted in the movie grossing over $1 million at the local box office. The two companies have also engaged in various content deals, with a significant number of Cinéart’s feature films added to Mubi’s streaming service in Benelux, including works from renowned directors such as Pedro Almodóvar and Céline Sciamma.
Marc Smit expressed his enthusiasm for the partnership, emphasizing that it will create a formidable force in the industry. He stated, “In addition to co-acquiring films with Mubi, Cinéart will continue to buy great films itself to distribute in Benelux just as before.” Stephan De Potter added that finding a partner who shares the same passion for cinema was crucial, and this new collaboration allows them to adapt to a changing world while delivering exceptional content.
The acquisition of Cinéart marks Mubi’s first foray into distributor ownership. As Mubi continues to impress the industry with its aggressive approach to acquiring arthouse films and expanding into its own productions, this strategic move further solidifies their position as a key player in the market. Earlier this year, Mubi made waves by acquiring The Match Factory, a highly respected European sales outfit and production company.
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